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The Euro remains stable above 1.1700 as the Dollar weakens before Nonfarm Payrolls

The EUR/USD remains strong above 1.1700 as the US Dollar weakens ahead of the Nonfarm Payrolls report. Mixed Fed signals and ECB rate steadiness could drive significant market movement today. – vtmarketsmy.com

Australia’s Composite PMI drops to 51.1 in December, down from 52.6

Australia’s S&P Global Composite PMI fell to 51.1, indicating slower economic growth. This could lead the Reserve Bank to consider rate cuts, impacting the Australian dollar and increasing ASX 200 volatility. – vtmarketsmy.com

Australia’s S&P Global Services PMI drops to 51, down from 52.8

Australia’s S&P Global Services PMI dropped to 51 in December, signaling a service sector slowdown and potential economic cooling. Analysts predict implications for monetary policy, impacting currency and market volatility ahead. – vtmarketsmy.com

US Dollar Index falls sharply after Fed announcements, stabilizes around 98.40

The US Dollar Index is weakening as the Fed’s cautious approach follows disappointing jobs data. With uncertain leadership and key economic indicators ahead, traders should prepare for volatility and potential declines. – vtmarketsmy.com

Japanese Yen strengthens against US Dollar due to expected interest rate hikes in December

USD/JPY is currently range-bound as traders anticipate key US data and Japan’s interest rate decision. With resistance at 156.00 and support near 154.00, volatility is expected soon. – vtmarketsmy.com

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