Dollar Rises On Strong Labor Data, Focus Shifts To Fed Speeches And Inflation Data
Date
1/13/2025 2:33:57 PM
(MENAFN- Investor Ideas) Investorideas, a go-to platform for big investing ideas releases market commentary from Inki Cho financial Markets Strategist Consultant to Exness.
The U.S. dollar surged to multi-year highs following Friday's stronger-than-expected labor data, which reinforced expectations of a hawkish federal Reserve. Market participants are now betting on a rate cut later this year, further enhancing the greenback's appeal. Moreover, the upcoming inauguration of trump could fuel volatility in the market and could influence investor sentiment. This week, traders could focus on speeches from Federal Reserve officials and inflation data. Persistent inflationary pressures could support a hawkish Federal Reserve stance and bolster the dollar, while easing inflation may weigh on the greenback.
Meanwhile, the German full-year GDP growth data, due on Wednesday, could influence the European Central Bank's policy trajectory expectations. Stronger-than-expected economic data could raise speculation that the ECB could potentially scale back its rate-cut pace, benefiting the euro.
In the bond market, U.S. Treasury yields rose, with the 10-year note yield hovering close to 4.8%. In the weeks ahead, volatility is anticipated to rise, potentially influenced by key events, including Trump's inauguration and the Federal Reserve's forthcoming rate decision. Persistent inflation risks and the Federal Reserve's hawkish outlook may provide ongoing support for both U.S. yields and the dollar.
About Investorideas - Big Investing Ideas
Investorideas is the go-to platform for big investing ideas. From breaking stock news to top-rated investing podcasts, we cover it all. Our original branded content includes podcasts such as Exploring Mining, Cleantech, Crypto Corner, Cannabis News, and the AI Eye. We also create free investor stock directories for sectors including mining, crypto, renewable energy, gaming, biotech, tech, sports and more. Public companies within the sectors we cover can use our news publishing and content creation services to help tell their story to interested investors.
Disclaimer/Disclosure: disclaimer and disclosure info
Global investors must adhere to regulations of each country.
MENAFN13012025000142011025ID1109085822
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.