South Korea’s current account balance increased from $6.81 billion to $12.24 billion in November, showing a significant rise compared to the previous figure. The Australian Dollar is stable as China’s inflation numbers come in lower than expected. The USD/CHF pair is close to 0.8000, as demand for the Swiss Franc grows as a safe haven.

The Japanese Yen and Euro Against Major Currencies

The Japanese Yen is close to its weekly low against the USD, even though household spending data is strong. Meanwhile, EUR/JPY goes above 183.00, testing a nine-day EMA. USD/CAD is steady around 1.3900 as we await US-Canada employment data. The US Dollar Index hovers near 99.00 ahead of the upcoming Nonfarm Payrolls report. EUR/USD stays near 1.1650, anticipating the US Nonfarm Payrolls report that is expected to show an increase of 60,000 jobs. GBP/USD is under pressure, approaching 1.3400, as sentiment favors the USD. Gold is focusing on the US Nonfarm Payrolls data and a Supreme Court ruling. Its prices remain just under the $4,500 level. XRP has dipped amid market volatility, having reached a peak of $2.41 before recent profit-taking.

Cryptocurrencies and Economic Shifts

Top cryptocurrencies like JasmyCoin, Polygon, and Monero are still rising. The economy experienced significant changes in 2025, influencing views for 2026. All eyes are on the upcoming US Nonfarm Payrolls report. The US Dollar Index is nearing 99.00, a level not consistently seen since late last year. The market predicts a slight cooling in the labor market, with December 2025 job gains forecasted at 60,000, continuing a gradual slowdown from late 2025. Any major deviation from this number could trigger volatility across major currency pairs. Given the market’s cautiousness ahead of this data, we recommend options strategies to manage potential sharp movements. Buying volatility through straddles on EUR/USD could be effective. It benefits from significant price swings in either direction. A surprisingly weak jobs report might push the dollar back toward the 97-98 range where it mostly stayed last year. We should also explore opportunities beyond the dollar’s immediate influence, especially in South Korea. The reported current account surplus for November 2025 was an impressive $12.24 billion, nearly double the previous month and one of the strongest figures in over a year. This economic strength suggests the Korean Won is undervalued, making long KRW derivative positions appealing in the upcoming weeks. Gold is also set for a significant movement as it encounters the crucial $4,500 resistance level. The combination of the upcoming US jobs data and the Supreme Court’s trade tariff ruling presents a strong event for the precious metal. Consider buying call options with strike prices just above $4,500 to prepare for a possible bullish breakout. The enduring strength of the USD continues to pressure other currencies, particularly GBP/USD, as it tests the 1.3400 support level. Even the Japanese Yen struggles to gain ground despite positive domestic spending data. This trend highlights that the USD’s momentum is the dominant force in the market right now. Create your live VT Markets account and start trading now.

here to set up a live account on VT Markets now