Market News
Currency markets await US jobs report amid political turmoil - REUTER
By Brigid Riley and Greta Rosen Fondahn
- Major currencies consolidate ahead of US non-farm payrolls
- Euro set for second week of gains against dollar, despite political turmoil
- South Korean won slides as domestic political unrest continues
- Bitcoin takes breather from record-breaking rally
TOKYO/LONDON, Dec 6 (Reuters) - Major currencies remained on edge on Friday as markets awaited U.S. job data and digested a politically turbulent week, with French President Emmanuel Macron saying he would appoint a new prime minister in the coming days.
In the spotlight will be the U.S. non-farm payrolls report for November, due later in the day, as investors look to second-guess the pace of future Federal Reserve rate cuts.
"It's almost as if we haven't had a real update on the health of the state of the U.S. labour market for two months, given all the anomalies there had been in the October report," said Fiona Cincotta, senior market analyst at City Index.
