Forex Top Team

Fluctuating dollar market, last weekend’s U.S. employment statistics showed a sudden depreciation of the dollar

According to last weekend’s US employment statistics, the number of employees increased more than expected, and the unemployment rate hit a record low. However, the market strengthened the dollar selling reaction. This was due to slower-than-expected growth in average weekly hourly wages. Market expectations for a 25 basis point rate hike at the US FOMC meeting in February are rising again.

At the beginning of the year, the US economic statistics continued to be relatively strong, and the sentiment was tilted towards a strong dollar, but it seems that the US employment statistics have suddenly returned to the starting point. The next decisive blow is the US consumer price index, which will be released on the 12th of this week.

If anything, I think that the weaker USD makes it easier for the price to grow, so basically I’m aiming to sell. First of all, it is assumed that volatility will expand rapidly after the release of the US consumer price index on the 12th, so whether or not we can ride that trend will be the deciding factor this week.

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