The Economic Times5h ago

US dollar holds onto payrolls gains, NZ dollar rises after election

AI Market Summary

The dollar remains firm after strong US payrolls reinforced expectations that Fed easing may be delayed, while the yen stays weak near 158 despite BOJ comments on upside inflation risks. This keeps USD/JPY sensitive to rate-differential shifts and intervention risk, with near-term FX volatility likely to remain elevated.

Impact level

● Medium

Affected assets

NCFXUSD2JPY/USDT-0.16%

AI Insight · NCFXUSD2JPY/USDTAI Insight

● Neutral

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Dollar index steadies at 102.20 after jumping about 0.7% Friday * Fed hike bets rekindled after receding amid AI stock selloff * NZ ballot too close to call, leader will not be known for weeks TOKYO

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