Monthly Archives: February 2025
All Eye on NFP Today
Written on February 3, 2025 at 4:30 am, by
Market Summary The dollar index remains elevated in recent highs as markets await the highly anticipated U.S. Nonfarm Payrolls (NFP) data today. This key job report will provide insight into the Fed’s hawkish stance and its impact on dollar strength. With the NFP expected at 164k, a higher-than-anticipated reading could drive the dollar higher. Meanwhile,Continue Reading
Hawkish Fed Meeting Minutes Fuels Dollar’s Strength
Written on February 3, 2025 at 4:30 am, by
Market Summary Yesterday’s market focus was dominated by U.S. economic indicators and the release of the Fed meeting minutes. The dollar experienced mixed movements, pressured by a weaker-than-expected U.S. ADP Nonfarm Employment Change but supported by better-than-expected Initial Jobless Claims data. The Fed minutes revealed a cautious stance, as members acknowledged the economy’s resilience andContinue Reading
Dollar Strengthen on Strong Economic Performance
Written on February 3, 2025 at 4:29 am, by
Market Summary The U.S. 10-year Treasury yield continued its ascent, reaching a high of 4.65%—its strongest level since last April—and is expected to approach 5% as markets brace for Donald Trump’s inauguration this month. This has provided support for the dollar, which rebounded from its recent bearish trend. Positive U.S. economic data, including upbeat PMIContinue Reading
