The US Dollar (USD) gained strength against its rivals for the second consecutive day, driven by market assessments of US data releases and news on President-elect Donald Trump's tariff plans. US markets will be closed on Thursday for a national day of mourning. Several Fed policymakers are scheduled to deliver speeches.
Here is what you need to know on Thursday, January 9: The US Dollar gathered strength against its rivals for the second consecutive day on Wednesday as markets assessed US data releases and news on President-elect Donald Trump 's tariff plans . Stock markets in the US will remain closed and bond markets will close early on Thursday, in observance of a national day of mourning to honor the death of former President Jimmy Carter.
The pair stays under bearish pressure to begin the European session and trades at its lowest level in over a year below 1.2300. USD/JPY posted small gains for the third consecutive day on Wednesday but struggled to gather further bullish momentum. The pair retreats slightly on Thursday while managing to hold above 158.00. The data from China showed that annual inflation, as measured by the change in the Consumer Price Index , declined to 0.1% in December from 0.2% in November.
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