All eyes are on the dollar’s movements following the release of U.S. employment data

All eyes are on the dollar’s movements following the release of U.S. employment data

08.11.2021

Last weekend, all three major U.S. stock indices rose, resulting in a market environment characterized by rising stock prices, falling interest rates, and higher oil prices. The yield on the 10-year U.S. Treasury note fell below 1.5% to 1.46%.The U.S. nonfarm payrolls report released last weekend showed 531,000 new jobs, significantly exceeding the forecast of 450,000. However, stock prices rose as concerns over an early interest rate hike eased.

In the foreign exchange market, the EUR/USD pair saw mixed trading action as of last weekend and is currently hovering around 1.156. Although the pair briefly dipped below its recent daily low of 1.152, it closed with a lower wick, so we will need to carefully monitor today’s price action.

Today’s schedule includes the Swiss unemployment rate at 3:45 p.m., remarks by U.S. Federal Reserve Vice Chair Clarida at 11:00 p.m., remarks by U.S. Federal Reserve Chair Powell at 12:30 a.m., and remarks by U.S. Federal Reserve Bank of New York President Williams at 12:55 a.m.NY Fed President, at 2:00 AM UK Bank of England Governor Bailey’s remarks and US Philadelphia Fed President Harker’s remarks, US Federal Reserve Governor Bowman’s remarks, at 3:00 AM US 3-year Treasury auction, and at 3:50 AM US Chicago Fed President Evans’ remarks.We will monitor the direction of various currencies while assessing the balance between the US dollar and European currencies.

Past Market Reports

1. 17.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

2. 16.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

3. 15.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

4. 14.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

5. 13.04.2026New

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

6. 10.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

7. 09.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

8. 08.04.2026

   Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

9. 07.04.2026

   Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran

10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed