Reported 10 days ago
The U.S. dollar has gained momentum as uncertainty looms over potential interest rate cuts, buoyed by President-elect Trump's shift in policy towards maintaining the dollar's strength against other currencies. Meanwhile, the yen has rebounded slightly following weak performance, influenced by encouraging economic data from Japan. Traders are eyeing upcoming payroll reports and Federal Reserve speeches for indications on rate changes, with predictions suggesting potential easing by the Fed on December 18. Political instability in Europe adds further pressure to the euro.
Source: YAHOO