With limited economic data scheduled for release today, market attention turns to this afternoon’s key developments.
US Labour Market & Eurozone Sentiment
In the United States, unemployment claims are forecasted to rise to 220k this week, which could indicate a potential cooling in the US labour market. Investors will be watching closely to gauge the impact on broader economic trends.
Meanwhile, Eurozone consumer confidence is expected to see a slight improvement from December, yet optimism remains at a six-month low. This highlights ongoing economic struggles in the region, reinforcing the need for further recovery measures.
Currency Market Movements
The Euro to Dollar exchange rate has regained some ground following President Trump’s statement that there is room for negotiation on potential tariff charges. This development has eased concerns over trade disputes and reduced the chances of EUR/USD hitting parity.
Similarly, the Pound to Dollar hit a two-week high yesterday, reflecting positive sentiment driven by a measured approach toward tariffs.
However, the Pound to Euro has remained stable this week, trading within a narrow 50-pip range.
What This Means for You
As markets react to these developments, understanding currency movements is key to making informed financial decisions. If you’re looking to manage risk or capitalise on market shifts, our experts at Qumoney are here to help. Get in touch today for tailored financial insights and strategies.