The U.S. dollar edged lower on Tuesday as investors digested dovish remarks from Federal Reserve Governor Christopher Waller and looked ahead to a heavy slate of U.S. data that could shape the Fed\u2019s final policy decision of the year.<\/p>\n\n\n\n
At publication time, the Dollar Index<\/strong> slipped 0.1% to 99.410<\/strong>, resuming its decline after breaking a four-day losing streak on Monday.<\/p>\n\n\n\n Waller highlighted emerging risks to the labor market\u2014citing early signs of planned layoffs\u2014and argued for a 25 bp<\/strong> rate cut at the Dec. 9\u201310<\/strong> FOMC meeting. The softer tone contrasted with more cautious recent signals from other officials, keeping markets divided on the policy outlook.<\/p>\n\n\n\n With the federal government now reopened, a backlog of economic releases will hit this week, culminating in September nonfarm payrolls on Thursday<\/strong>. Fed-dated pricing currently implies ~40% odds<\/strong> of a 25 bp cut in December, down from about 60% a week ago.<\/p>\n\n\n\n EUR\/USD<\/strong> ticked up to 1.1593<\/strong>, extending Monday\u2019s stabilization. Some strategists see upside risk into year-end on seasonal support and fading French political risk.<\/p>\n\n\n\n GBP\/USD<\/strong> eased 0.1% to 1.3152<\/strong> as traders positioned for Chancellor Rachel Reeves\u2019s<\/strong> Nov. 26<\/strong> budget, with expectations of revenue-raising measures to meet fiscal rules weighing on sentiment.<\/p>\n\n\n\n In Asia, USD\/JPY<\/strong> dipped 0.2% to 154.96<\/strong>, with the yen supported by a rise in long-dated JGB<\/strong> yields to multi-decade highs. Investors weighed the potential growth-support package reportedly being prepared by Prime Minister Sanae Takaichi<\/strong>, with talk of a stimulus near $149bn<\/strong> stoking fiscal concerns.<\/p>\n\n\n\n Elsewhere, USD\/CNY<\/strong> edged up 0.1% to 7.1117<\/strong>, while AUD\/USD<\/strong> was little changed near 0.6493<\/strong>.<\/p>\n\n\n\n The dollar\u2019s near-term path hinges on whether this week\u2019s U.S. data revive rate-cut expectations. A softer payrolls print could extend greenback losses; resilient labor signals would likely cap downside and keep the policy debate finely balanced.<\/p>\n","protected":false},"excerpt":{"rendered":" The U.S. dollar edged lower on Tuesday as investors digested dovish remarks from Federal Reserve Governor Christopher Waller and looked ahead to a heavy slate of U.S. data that could shape the Fed\u2019s final policy decision of the year. At publication time, the Dollar Index slipped 0.1% to 99.410, resuming its decline after breaking a …<\/p>\n","protected":false},"author":9,"featured_media":112137,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,49,37,36],"tags":[],"class_list":["post-120991","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=120991"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120991\/revisions"}],"predecessor-version":[{"id":120992,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120991\/revisions\/120992"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/112137"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=120991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=120991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=120991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Fed tone and data in focus<\/h2>\n\n\n\n
Euro edges up; sterling soft ahead of budget<\/h2>\n\n\n\n
Yen firms as long-end yields climb<\/h2>\n\n\n\n
What to watch next<\/h2>\n\n\n\n
\n