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Traders show caution as EUR/USD stabilizes around 1.1650 ahead of the upcoming US NFP report

The EUR/USD has stabilized around 1.2230 amid a recovering US job market. Traders should consider options strategies to navigate potential headwinds, as upward momentum may be stalling. – vtmarketsmy.com

PBOC sets USD/CNY central rate at 7.0128, down from 7.0197

The People’s Bank of China sets the USD/CNY rate to stabilize the yuan amid strong economic data. This signals a controlled approach, favoring range-trading over aggressive bets on currency appreciation. – vtmarketsmy.com

Traders notice GBP/USD near its weekly low of 1.3435 during the Asian session

GBP/USD hovers around 1.3435 as traders await the pivotal US Nonfarm Payrolls report. Market dynamics hinge on potential Federal Reserve rate changes, while the Bank of England’s stance supports the pound. – vtmarketsmy.com

In December, Ireland’s consumer confidence rose to 61.2, up from 61 previously.

Ireland’s consumer confidence ticks up to 61.2, hinting at cautious optimism. Key US job data looms, influencing currency markets and gold, as traders brace for potential volatility ahead. – vtmarketsmy.com

Japan’s foreign reserves dropped from $1359.4 billion to $1 billion in December.

Japan’s foreign reserves plummeted to $1 billion, triggering a currency crisis that weakened the yen and rocked markets. Investors should brace for volatility and reassess strategies amid this unprecedented turmoil. – vtmarketsmy.com

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