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Daily Market Update by Monex USA – January 8th, 2025

Market Pulse by Monex USA
Market Pulse by Monex USA
Daily Market Update by Monex USA - January 8th, 2025
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The U.S. Dollar is gaining strength against G10 currencies amid ongoing geopolitical tensions, including U.S. sanctions enforcement and control over Venezuelan oil sales. Economic data shows resilience, with the ISM Services Index hitting a 14-month high, layoffs at a six-month low, and jobless claims slightly below expectations. Tomorrow’s Non-Farm Payrolls report will be a key focus. The Australian Dollar is down after the RBA signaled a long-term approach to monetary policy, while the British Pound continues to decline amid a soft labor market and limited bullish sentiment.

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