Dollar holds steadier to start the session ...Middle East

There isn't too much happening in the major currencies space to start the new week. The US jobs report on Friday here served to reaffirm a 25 bps rate cut by the Fed this month. And that's basically the signal that market players are having to work with right now. The odds of such a rate cut are now at ~86%.The headline non-farm payrolls figure may be "strong" but again, it's likely skewed due to the poor October showing. That was largely due to adverse weather from Hurricane Milton and the Boeing strike. Meanwhile, the unemployment rate ticked up to match its highest since July and is 0.8% higher than the cycle low. That reaffirms a weakening labour market.At the balance, it reaffirms the o

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Last updated : 09 Dec 2024 clock 10:36 AM

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Dollar holds steadier to start the session ...Middle East

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