U.S. And Canada Jobs Day And More

Marc Chandler17.09K FollowersFollow5ShareSavePlay(11min)CommentsSummaryThe US dollar (DXY) enjoys a firmer day today ahead of the US December employment report and the Supreme Court’s judgement on the legality of the widespread tariffs implemented under the president’s emergency powers.The larger-than-expected rise in household spending in Japan and German industrial output appeared to have little impact. The greenback is trading at new highs against both the euro and the yen.Sterling is no match for the dollar today. It is testing support at $1.3400, which held on New Year’s Eve.The US dollar reached almost CAD1.3890 yesterday and is consolidating slightly below there today ahead for the US and Canadian employment data.Most of the large Asia-Pacific bourses rallied today, except for Taiwan, Australia, and India. Europe’s STOXX 600 is up about 0.5%, which, if sustained, recoups the losses of the past two sessions. US index futures are firm. PM Images/DigitalVision via Getty Images The US dollar (DXY) enjoys a firmer day today ahead of what promises to be a memorable North American session that features the US December employment report and the Supreme Court’s judgement onThis article was written byMarc Chandler17.09K FollowersFollowMarc Chandler has been covering the global capital markets in one fashion or another for 25 years, working at economic consulting firms and global investment banks. A prolific writer and speaker he appears regularly on CNBC and has spoken for the Foreign Policy Association. In addition to being quoted in the financial press daily, Chandler has been published in the Financial Times, Foreign Affairs, and the Washington Post. In 2009 Chandler was named a Business Visionary by Forbes. Marc's commentary can be found at his blog (www.marctomarket.com) and twitter www.twitter.com/marcmakingsense