What you need to know on Tuesday, December 7:
The dollar ends on Monday in a mixed way, since speculative interest indicates that it has already digested the latest events. On Friday, the US released the Nonfarm Payrolls report, which showed the country added just 210,000 new jobs in November, disappointing market expectations and calling into question a more aggressive reduction in the US.
Generally speaking, the dollar followed the example of the yields of the US government debt. The 10-year Treasury bond started the day with a yield of 1.37%, and then jumped to 1.44% in the American afternoon.
Regarding the variant of the Omicron coronavirus, reports point to community transmission in several countries, although, at the same time, there are no deaths related to the variant so far, raising hopes of a milder disease that will prevent lockdowns. and restrictions, and therefore avoid an economic slowdown.
The euro was among the dollar’s weakest rivals, up 1.1265 against the dollar. Other high-yielding currencies posted modest gains, with commodity-linked currencies gaining the most. The JPY and CHF lost some ground, although all major pairs remained within familiar levels. A tight macroeconomic calendar helped keep volatility low.
Gold moved modestly lower, with the pair ending the day at $ 1,778 a troy ounce. Crude oil prices, on the other hand, advanced along with stocks and the WTI settled at $ 69.70 a barrel.
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