Lates News

The US November employment report will be released later today, with Asian currencies showing mixed movements in early trading. Mitsubishi UFJ Financial Group forex analyst Michael Wan said in a research report that if the November nonfarm payrolls data disappoints and the unemployment rate rises, this will strengthen the dovish stance of the Federal Reserve and could accelerate selling of the US dollar until the end of the year. Considering the recent government shutdown in the US, there may also be concerns about the quality of the data. Traders should be prepared for fluctuations in interest rates and forex as they adjust their expectations based on incomplete data.