Forex news 9th of january
Here are some key Forex news and events that occurred on January 9th:
Market News
- The US dollar strengthened against most major currencies, driven by a rise in Treasury yields and a decline in US jobless claims.
- The euro fell to a one-week low against the dollar, weighed down by concerns over the European Central Bank's (ECB) monetary policy and the ongoing trade tensions between the US and China.
- The British pound rose against the dollar, boosted by a report that the UK and EU had made progress in Brexit talks.
- The Japanese yen weakened against the dollar, as investors sought higher-yielding assets amid a decline in Japanese government bond yields.
Economic Data
- US Jobless Claims: 204,000 (vs. 215,000 expected)
- US Non-Farm Payrolls: 145,000 (vs. 160,000 expected)
- US Unemployment Rate: 3.5% (vs. 3.6% expected)
- Eurozone Consumer Price Index (CPI): 1.3% (vs. 1.2% expected)
- UK Retail Sales: 0.4% (vs. 0.3% expected)
Central Bank News
- The European Central Bank (ECB) left its interest rates and monetary policy unchanged, as expected.
- The Bank of England (BoE) kept its interest rates and quantitative easing program unchanged, as expected.
Other News
- The US and China agreed to a 90-day ceasefire in their trade war, with the US delaying a planned increase in tariffs on Chinese goods.
- The UK and EU agreed to a revised Brexit deal, which includes a new border arrangement for Northern Ireland.
- The US Federal Reserve (Fed) released its minutes from the December meeting, which showed that policymakers were divided on the need for further interest rate cuts.
Forex Market Analysis
- The US dollar index (DXY) rose 0.4% to 97.13, its highest level since December 18th.
- The euro fell 0.5% to $1.1305, its lowest level since December 20th.
- The British pound rose 0.3% to $1.3105, its highest level since December 18th.
- The Japanese yen fell 0.4% to 110.35 per dollar, its lowest level since December 20th.
These are just some of the key Forex news and events that occurred on January 9th. If you're looking for more information or want to stay up-to-date with the latest market news, I recommend checking out reputable financial news sources or following Forex analysts and traders on social media.