U.S. Dollar Higher After Solid Jobs Data
06 Dicembre 2024 - 2:38PM
RTTF2
The U.S. dollar firmed against its most major counterparts in
the New York session on Friday, as stronger-than-expected jobs data
for November reinforced the odds of a Federal Reserve rate cut
later this month.
Data from the Labor Department showed that non-farm payroll
employment shot up by 227,000 jobs in November after rising by an
upwardly revised 36,000 jobs in October.
Economists had expected employment to jump by 200,000 jobs
compared to the uptick of 12,000 jobs originally reported for the
previous month.
Meanwhile, the report said the unemployment rate crept up to 4.2
percent in November from 4.1 percent in October. The modest
increase matched economist estimates.
Market participants currently expect the Fed to lower rates by
another 25 basis points at the December meeting, but there remains
considerable uncertainty about the likelihood of continued rate
cuts at future meetings.
The greenback edged up to 1.2725 against the pound and 1.0543
against the euro, from its early more than 3-week lows of 1.2811
and 1.0629, respectively. The next possible resistance for the
currency is seen around 1.24 against the pound and 1.04 against the
euro.
The greenback recovered to 0.8783 against the franc, from an
early 4-week low of 0.8733. The currency is likely to locate
resistance around the 0.89 level.
The greenback climbed to a fresh 4-month high of 0.6383 against
the aussie and a 10-day high of 0.5826 against the kiwi, from an
early 2-day low of 0.6455 and a 3-day low of 0.5889, respectively.
The currency is poised to challenge resistance around 0.62 against
the aussie and 0.56 against the kiwi.
The greenback touched 1.4156 against the loonie, setting a
10-day high. If the greenback rises further, it is likely to test
resistance around the 1.43 region.
In contrast, the greenback weakened to a 3-day low of 149.35
against the yen. The currency is seen finding support around the
146.00 level.
Grafico Cross US Dollar vs CHF (FX:USDCHF)
Da Nov 2024 a Dic 2024
Grafico Cross US Dollar vs CHF (FX:USDCHF)
Da Dic 2023 a Dic 2024
