PT Solid Gold Berjangka | Dollar Steady as Traders Weigh Labour Data, Rate Outlook
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Solid Gold Berjangka | Thank you for providing the information from the Reuters source. Based on the information you shared, here is a summary:
- The dollar was near a two-week high against a basket of currencies, with the dollar index up 0.5% this month after a 3% decline in November.
- U.S. economic data indicated a cooling labor market, with job openings falling to a 2.5-year low in October, suggesting that higher interest rates may be affecting demand for workers.
- The focus is on the upcoming release of the November jobs report to provide insights into the strength of the U.S. economy ahead of the Federal Reserve’s policy meeting next week.
- Traders have priced in a 99.7% chance of the Fed maintaining rates next week, but there’s a 56% chance of a rate cut in March, according to CME’s FedWatch tool.
- The euro dropped to a three-week low of $1.07785 on Tuesday, and investors believe the European Central Bank could implement its first rate cut by March due to faster-than-anticipated inflation decline in the Eurozone.
- Sterling was at $1.2601, up 0.06% on the day, and the Japanese yen strengthened slightly to 147.12 per dollar.
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