Liquidity Vacuum Meets Payroll Paralysis: The Dollar Holds at 100
The US dollar traded in a narrow range amid thin holiday liquidity as markets positioned for a highly anticipated non-farm payrolls report expected to show a gain of 60,000 jobs.
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The US dollar traded in a narrow range amid thin holiday liquidity as markets positioned for a highly anticipated non-farm payrolls report expected to show a gain of 60,000 jobs.
Currency dealing desks are trading defensively ahead of critical US non-farm payrolls, with the yen trapped near intervention thresholds and the euro testing resistance at 1.1550.
The British pound faces formidable technical and fundamental headwinds as the Bank of England struggles to balance sticky services inflation against slowing domestic growth.
A severe maritime supply shock has triggered a structural repricing in global crude benchmarks, introducing fresh inflationary headwinds that are upending central bank rate cut expectations and reshaping major FX pairs ahead of a critical US employment report.

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