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09.12.202407:27 Forex Analysis & Reviews: Hot Forecast for EUR/USD on December 9, 2024

The unemployment rate in the United States increased from 4.1% to 4.2%, which was not entirely unexpected. However, the dollar strengthened. The key driver was the creation of 227,000 new jobs outside the agricultural sector, significantly surpassing even the most optimistic forecasts. While this growth is insufficient to ensure long-term labor market stability, such a notable increase has led market participants to believe unemployment may stabilize soon. Some even speculate that the rise in unemployment could be temporary.

Exchange Rates 09.12.2024 analysis

The macroeconomic calendar for today is virtually empty. The market will likely aim to consolidate around the levels reached on Friday.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Dean Leo,
Analytical expert of InstaSpot
© 2007-2024
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