Before the release of US employment data, the US dollar rose
Odaily Planet Daily News: Before the release of US non farm payroll data, the US dollar rose. Non farm employment data may provide hints about the timing of the Federal Reserve's next interest rate cut. Dutch International Group economist Francisco Pessolay stated in a report that the risk balance favors a rise in the US dollar, as potentially strong employment data could "prompt the market to digest the March rate cut and potentially push the first fully priced rate cut beyond June". If the data is weaker than expected, investors may reduce their long positions in the US dollar that bet on its rise. However, these bulls may rebuild at a better level before the upcoming key data and Trump's presidential inauguration on January 20th. (Golden Ten)