Posted 12/29/2023, 5:57:00 PM
Markets Eye US Jobs Data and Fed Minutes After Strong 2023 Start; Peso Outperformers, Ruble Laggards
- Focus on US labor market data next week, including Job Reports and job openings. FOMC minutes also released.
- Stocks ended 2023 with gains, reaching new highs. Question is if momentum continues or correction hits.
- US Dollar Index posted 3rd straight weekly loss on expectations of Fed rate cuts. EUR/USD hit fresh monthly high.
- Mexican Peso and Colombian Peso were top performers in 2023. Argentine Peso, Turkish Lira, and Russian Ruble fared worst.
- Swiss Franc performed best among G10 currencies. USD/CHF had worst year in decade. Japanese Yen suffered main losses.