The US dollar retreated to near its lowest level in two months, amid cautious market anticipation of key US economic data, particularly the delayed jobs report.
The US dollar index – a measure of the greenback's strength against a basket of six major currencies – fell 0.02% to 98.269 points, nearing its lowest level since October 17.
The U.S. Bureau of Labor Statistics is scheduled to release its consolidated jobs report for October and November later today, after data collection was disrupted by the longest federal government shutdown in history. A series of preliminary manufacturing activity indicators are also expected to be released later in the day.
Commenting on the role of upcoming data, Paul Mackel, Head of Global Foreign Exchange Research at HSBC, said: “The employment figures will help clarify the picture of the US labor market during the federal government shutdown.” According to him, the message from the Federal Reserve last week “has reassured that the USD is not yet out of its current difficulties.”
Data from CME Group's FedWatch tool shows a 75.6% probability that the Fed will keep interest rates unchanged at its next policy meeting on January 28.
This week, the market is also being impacted by a series of policy decisions from major central banks. The Bank of Japan (BoJ) is expected to raise interest rates by another 25 basis points to 0.75%. Meanwhile, the Bank of England (BoE) is likely to lower interest rates to a similar level of 3.75%. The European Central Bank (ECB) is forecast to keep interest rates unchanged, as are the Swedish Central Bank (Riksbank) and the Norwegian Central Bank (Norges Bank).
The yen rose 0.21% to 154.91 yen per dollar, as investors focused their attention on the Bank of Japan's policy decision, expected to be announced on Friday.
The euro remained stable at $1.1753 amid progress in peace talks aimed at ending the conflict in Ukraine, with a US proposal to provide security guarantees to Kyiv modeled after NATO.
The British pound fell 0.06% to $1.3368.
Compared to the offshore yuan, the US dollar remained virtually unchanged, pegged at 7.0371 yuan to one dollar – its lowest level since October 3, 2024.
Elsewhere, the Australian dollar fell 0.27% to $0.6622. A newly released private survey showed Australian consumer sentiment weakened in December, reversing the improvement seen the previous month.
Similarly, the New Zealand dollar also fell 0.21% to $0.5767.
Both the Reserve Bank of Australia (RBA) and the Reserve Bank of New Zealand (RBNZ) have ruled out further interest rate cuts, providing some support for currencies in the Oceania region.
Source: https://thoibaonganhang.vn/sang-1612-ty-gia-trung-tam-giam-them-3-dong-175192.html
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