“`html
The dollar index (DXY) fell by 0.04% on Thursday after reaching a 5.5-month high, influenced by stronger-than-expected US September nonfarm payrolls, which rose by 119,000, against an expectation of 51,000. However, the unemployment rate unexpectedly increased to 4.4%, marking a nearly four-year high. US initial unemployment claims decreased by 8,000 to 220,000, surpassing expectations of 227,000, while continuing claims rose to a four-year high of 1.974 million.
In other economic updates, existing home sales in October rose by 1.2% month-over-month to 4.10 million, exceeding predictions of 4.08 million. The Federal Reserve’s comments leaned hawkish, with officials expressing concerns over inflation remaining above the 2% target, leading markets to price in a 37% chance of a rate cut at the next Federal Open Market Committee (FOMC) meeting on December 9-10.
The Eurozone consumer confidence index remained unchanged at -14.2, below an expected rise to -14.0, while German October PPI fell by 1.8% year-on-year, weaker than the anticipated 1.7% decline. USD/JPY saw an increase of 0.30%, and the yen fell to a 10-month low against the dollar as Japan’s Prime Minister announced a 17.7 trillion yen ($112 billion) stimulus package.
“`
