Market News
US dollar rises after jobs data; Fed cut expected but hawkish comments likely - REUTERS
Summary
- Focus on Fed meeting, with rate cut all but priced in
- Investor confidence brittle after earthquake strikes Japan
- Aussie dollar gains as RBA rules out easing
- Cryptocurrencies rally: bitcoin, ether up
NEW YORK, Dec 9 (Reuters) - The U.S. dollar advanced on Tuesday as better-than-expected job-market figures underscored a still resilient labor market ahead of the Federal Reserve's anticipated rate cut, with policymakers likely to emphasize inflation risks that could constrain further easing moves.
Markets are also bracing for several more central bank decisions before the weekend. On Tuesday, the Reserve Bank of Australia kept rates on hold ruled and ruled out more rate declines, pushing the Aussie dollar higher.
