USD Steady as Markets Look Past Mixed U.S. Jobs Data

Welcome to our daily market update. If you have any questions or would like anything further explained, please don’t hesitate to reach out to your account manager or email info@cafx.com

 

Forex Market 

USD: Jobs Data Mixed; Inflation Expectations Lift Dollar
The U.S. December payrolls report came in below expectations, but a lower unemployment rate and firmer wage growth kept the USD supported. Initial USD gains faded as markets digested weaker job creation and downward revisions, though sentiment data later in the session reignited USD strength.
AUD/USD traded in a 0.6664–0.6705 range, finding demand near 0.6650 and closing near 0.6690. EUR/USD and GBP/USD hit fresh lows at 1.1618 and 1.3393, while USD/JPY pushed above 158.00 following political headlines from Japan. NZD/USD briefly dipped to 0.5712 before rebounding, while USD/CAD extended higher toward 1.3920.

General Market

Wall Street
  • Dow Jones: +0.5% | 49,504
  • S&P 500: +0.7% | 6,966
  • Nasdaq: +0.8% | 23,671
    U.S. equities closed higher as investors looked past softer payroll growth, with lower volatility supporting risk appetite.
Asia-Pacific
  • Nikkei: +1.6% | 51,940
  • Shanghai Comp: +0.9% | 4,120
  • ASX 200: 0.0% | 8,718
    Asian equities ended the week stronger, led by Japan. Locally, the ASX was flat as energy and consumer staples outperformed.
Europe
  • FTSE: +0.8% | 10,125
  • DAX: +0.5% | 25,262
  • CAC: +1.4% | 8,362
    European markets closed higher despite mixed German data, with Bund yields rising on stronger industrial production.

 

Headlines to Watch

United States
  • U.S. CPI and retail sales next week will shape expectations for the Fed’s near-term policy path.
  • University of Michigan survey showed rising inflation expectations at both 1-year and 5–10-year horizons.
Japan
  • Reports of a potential early election lifted USD/JPY above 158.00, increasing volatility in JPY crosses.
Canada
  • Employment rose by 8.2k in December, though the unemployment rate increased to 6.8%, keeping the CAD sensitive to USD moves.
Currency PairMid-market Rate
AUD/USD0.6685
AUD/NZD1.1668
AUD/JPY105.73
AUD/CNY4.6642
AUD/EUR0.5751
AUD/GBP0.4991
AUD/HKD5.2113

 

 

 

 

Disclaimer:

The market update provided by Corporate Alliance FX (CAFX) is for reference only and does not constitute a bid, levy, offer or invitation to offer for the financial product, the basis for any contract or commitment, a recommendation for the purchase or sale of any investment instruments, financial, legal, tax, investment advice, investment advice or other opinions. It will not be legally liable for any consequences or losses caused by the information or content involved.
Corporate Alliance Group Pty Ltd T/A Corporate Alliance FX (CAFX) (ABN 58 167 119 226, AFSL 523351) (i.e. CAFX), CAFX independently holds the Australian Financial Services licence no. 523351 (AFSL), so CAFX is regulated by the Australian Securities and Investment Commission (ASIC) and, and although ASIC is a strictly regulatory body, it does not endorse a specific financial product. ASIC’s regulation of CAFX applies to all services under the financial licence held by CAFX, including the issuance of foreign exchange settlement, foreign exchange payments, foreign exchange risk control, hedging, market making and providing financial advice.3

Facebook
LinkedIn