The US Dollar takes a step back with markets in a holding pattern towards Friday’s key NFP release.
Fed Chairman Jerome Powell issued a warning on the US debt’s unsustainable path. The US Dollar Index fails to close above the pivotal 106.50 level. The US Dollar trades marginally softer on Thursday as the dust settles over the French political drama. With the French government led by Prime Minister Michel Barnier out of the way, French President Emmanuel Macron begins the search for a new prime minister.
Economic Indicator Challenger Job Cuts Challenger Job Cuts, released by Challenger, Grey & Christmas monthly, provides information on the number of announced corporate layoffs by industry and region. The report is an indicator used by investors to determine the strength of the labor market. Usually, a high reading is seen as negative for the US Dollar , while a low reading is seen as positive . Read more. Next release: Thu Dec 05, 2024 12:30 Frequency: Monthly Consensus: - Previous: 55.
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