Investors anticipate Trudeau resignation while global markets steady, U.S. dollar slightly dips.

From Investing.com: 2025-01-06 00:36:14

Global markets in Asia remain steady as investors anticipate a possible resignation announcement from Canadian Prime Minister Trudeau. The U.S. dollar dips slightly to 1.4404 Canadian amidst the news. Treasury yields are on the rise, keeping the dollar strong against other majors. Japanese bond yields climb to levels not seen since 2011, while Chinese yields hit all-time lows. Dollar bulls are hopeful for cautious comments from Federal Reserve speakers this week. Service PMIs and German CPI data are awaited, with Friday’s jobs report looming. Key events include German CPI, service PMIs, U.S. factory orders, and a speech by Fed Governor Lisa Cook.



Read more at Investing.com: Canadian dollar calm as Trudeau heads for the exits By Reuters