US Dollar expected to end 2024 strong despite challenges in global manufacturing.

From Investing.com: 2024-12-27 07:02:00

As financial markets quiet down for the holiday week, all eyes are on manufacturing PMIs, including the US ISM report, for any potential market-moving news. Global manufacturers have struggled in 2024, with the Eurozone still in contraction. In the US, the manufacturing sector has been a drag on the economy, with cost pressures easing but layoffs persisting. Trump’s policies, especially on tariffs, could add volatility as Treasury yields rise. The dollar’s bull run may unravel if economic data disappoints. Stocks, especially small-caps, could suffer under the weight of higher yields.

Overall, the focus remains on the manufacturing PMIs and US ISM report for any potential market-moving news. Global manufacturers have faced challenges in 2024, with the Eurozone still in contraction. The US manufacturing sector has been a drag on the economy, with cost pressures easing but layoffs persisting. Trump’s policies, particularly on tariffs, could increase volatility as Treasury yields rise. The dollar’s bull run could unravel if economic data disappoints. Stocks, especially small-caps, may struggle under the weight of higher yields.



Read more at Investing.com: Week Ahead: US Dollar Set to End 2024 on a High as Bulls Face Few Obstacles