Investors' profit-taking hit the US dollar; focus shifts to non-farm payrolls.
Last Friday, the US dollar index continued to decline and ultimately closed down 0.31% at 108.92. However, due to market expectations that the US economy will continue to perform better than other major economies this year and that US interest rates will remain relatively high, the US dollar index still achieved its strongest weekly performance in nearly three weeks. The benchmark 10-year US Treasury yield closed at 4.6020%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 4.2870%. On January 6th Beijing time, spot gold traded around 2639.80, as the market prepared for possible economic and trade changes under US President elect Trump's administration. US crude oil traded around $74.15 per barrel, with oil prices benefiting from cold weather in Europe and the US, as well as hopes of more economic stimulus measures from major Asian countries. Meanwhile, the market awaited this week's US non farm payroll data.
Dollar Mixed as Tariff Tensions Rise and Jobs Data Buoys Fed Outlook | 4th July, 2025
ATFX Market Outlook 4th July 2025
Nonfarm payrolls take center stage
Gold declines as trade optimism reduces safe-haven demand, while a weak dollar limits losses
Rate Shifts Steer FX Markets as Silver Holds Strong
ESG or Instability? What EBC Sees in the Raja Ampat Shutdown
ATFX Market Outlook 3rd July 2025
