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Towering dollar after solid jobs data leaves peers struggling - REUTERS

JANUARY 13, 2025

By 


Summary

  • Dollar underpinned by blockbuster U.S. jobs data on Friday
  • Fed seen cutting rates just once this year
  • Sterling still at mercy of gilt market rout

SINGAPORE, Jan 13 (Reuters) - The dollar began the week on a strong note on Monday, leaving its peers languishing near multi-year lows after a blowout U.S. jobs report that underlined the outperformance of the world's largest economy versus the rest of the world.
The euro and the New Zealand dollar were pinned close to a more than two-year trough at $1.0242 and $0.5565, respectively, in the early Asian session. Trading was thinned with Japan markets closed for a holiday.

MARKET NEWS

January 13 Experts project healthy naira, low inflation early 2025 - THE NATION January 13 Towering dollar after solid jobs data leaves peers struggling - REUTERS January 13 FX crisis, weak naira threatening SMEs’ survival –Economists - PUNCH January 13 Nigeria attracts $7.6bn investment interests at Africa’s forum - PUNCH January 13 Nigeria attracts $7.6bn investment commitments in Africa’s forum – Adesina - DAILY POST January 12 Pound Traders Are Ready for Another 8% Slump After Market Rout - BLOOMBERG January 12 UK sees huge drop in visa applications after restrictions introduced - INDEPENDENT January 12 Telecom tariff increase could be between 40, 50% – Rewane - VANGUARD January 12 Naira could trade below 1,000/$ depending on govt debt, oil, asset management- Adebaj... (read more) January 12 EXPLAINER: What constitutes Naira abuse, penalties involved - THE NATION January 12 China's Central Bank Suspends Bond Buying as Yields, Yuan Fall January 12 What are bonds and why do they matter? - YAHOO FINANCE January 12 Customs Revenue Rises By 135% At Lagos International Airport - LEADERSHIP January 11 Equity market record N793bn gain - PUNCH January 11 Stock Market Rises By 1.80% In 1 Week - LEADERSHIP January 11 Blowout Jobs Report Fuels Wall Street Fear of ‘Lose-Lose’ Market - BLOOMBERG January 11 Currencies: $ boosted by the 'NFP', the Pound (£) sinks further January 11 Canada Unemployment Rate Dips to 6.7% in December - WSJ January 11 CBN Unveils Account To Attract Investments From Nigerians In Diaspora - LEADERSHIP January 11 Sterling hits 14-month low after US jobs data, gilt yields rise - REUTERS January 11 CBN suspends extension of export proceeds on behalf of exporters - VANGUARD January 11 US dollar firms as strong jobs data supports Fed easing pause - REUTERS January 11 China Plans Currency Swap Line Expansion For Nigeria, Supports Panda Bonds Issuance - LEADERSHIP January 11 Gold Gains as Traders Seek Haven Amid Tariff, Inflation Worries - BLOOMBERG January 11 Global Cargo Demand Rises 8.2% In November – IATA - LEADERSHIP January 11 Global Cargo Demand Rises 8.2% In November – IATA - LEADERSHIP January 11 Oil Traders Betting on More Volatility Win Big on US Sanctions - BLOOMBERG January 11 Dollar Jumps as Unexpected Hiring Surge Sends Yields Higher - BLOOMBERG January 11 Canadian dollar snaps weekly losing streak after jobs gain - REUTERS January 11 South African rand plunges to 8-month low after US jobs data - REUTERS

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