The dollar is volatile as markets await US inflation data

While markets almost certainly expect the Federal Reserve to cut interest rates by a quarter of a point next week, investors await U.S. consumer price data due on Wednesday.

Data on Friday showed a rise in U.S. jobs in November, but an increase Unemployment rate Up to 4.2 percent indicates a slowdown in labor market growth, which could allow the US central bank to taper Interest rates Again this month.

and stability Euro Against the greenback at $1.0555, after previously falling about 0.3 percent, while the greenback was up 0.21 percent against the Japanese yen at 150.350 yen. The dollar index settled at 105.92 points.

Vishnu Varathan, a strategic analyst at Mizuho Bank, pointed out that the geopolitical events that have taken place recently, such as the fall of the regime of Syrian President Bashar al-Assad, together with macroeconomic developments and the newly elected US President Donald Trump, give the markets more momentum to continue buying the dollar, according to Reuters.

The Australian dollar rose 0.80 percent against the dollar and the New Zealand dollar rose 0.55 percent after China announced its first change in monetary policy since 2010 to stimulate growth.

Both currencies are seen as an alternative to the Chinese yuan, which witnessed an improvement in the overseas market, sending the dollar down 0.2 percent to 7.2722 against the yuan.

State media reported on Monday, citing a Politburo meeting, that China will adopt an “appropriate and flexible” monetary policy next year as part of measures to support economic growth and will implement more proactive fiscal policy and strengthen economic measures to deal with economic challenges. .

The dollar rose 0.72 percent against the South Korean won. Earlier in the week, South Korean President Yoon Suk-yeol survived a parliamentary impeachment vote to remove him after his failed attempt to impose martial law last week.

The price of Bitcoin rose to an all-time high of $103,649 last week, but has now fallen to $98,641.

The Canadian dollar is nearing a four-and-a-half-year low as the market expects further interest rate cuts.