U.S. Dollar: Riding the Volatility Wave
The greenback stayed steady, but traders are bracing for a bumpy ride next week as key data drops its jaws.
Jobless Claims: The Labor Market’s Pulse
Today’s Initial Jobless Claims figure is the hot ticket. The last surprise jump to 217,000 (above expectations) has the market throwing wild guesses—will it climb to 220,000 this week? A higher number could mean the labor market’s loosening its grip.
Tomorrow’s Flashcards: PMI & Consumer Sentiment
- PMI Flash: If manufacturing stays in contraction, the dollar might take a dip.
- Consumer Sentiment: A softer reading could chop the greenback, but a stronger headline might signal the Fed dialing back, giving the dollar a boost.
Beyond Borders: The BoJ & Euro Impact
Heads-up on the Bank of Japan’s rate rise*: a hike could pump the yen and press the dollar harder—but European data may cool the heat, keeping the ECB in a dove‑faced stance.
Bonds & the Fed’s Countdown
U.S. Treasury yields were flat, with the 10‑year hovering around 4.6%. As the Fed’s next decision looms, expect more jitter in the rates. Trump trade policy jitters? Those could keep the market on its toes, nudging yields upward.
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