Strong US Dollar and labor market data impact markets, with dollar outperforming

From Investing.com: 2025-01-13 04:29:00

US labor market data shows strength, reducing chances of Fed rate cut. 10-year US yield rises, dollar remains strong. Pound struggles, reminiscent of September 2022 events. Gold demand holds steady, oil hits October 2024 high. US stock indices continue downward trend ahead of President-elect Trump taking office.

Market prepares for President-elect Trump’s inauguration as equities struggle. Fed rate cut only priced in for 2025 after strong jobs report. 10-year US yield at highest level since July 2007. Dollar outperforms, euro trading above 1.02. UK market remains negative amid budget concerns.

Gold prices steady, benefiting from low risk appetite. Oil rally continues with new US sanctions on Russia’s oil industry. WTI oil testing October 2024 highs. Pound weakens against dollar and euro, UK bond yields climb. Market uncertainty persists as Fed rate cut expectations decrease.



Read more at Investing.com: US Dollar Dominance Threatens Market