Here is what you need to know on Monday, January 8:
Investors seem to have adopted a cautious stance to start the new week. The US Dollar (USD) Index holds steady near 102.50 after snapping a three-week losing streak and US stock index futures trade in negative territory. The European economic docket will feature Retail Sales data for November on Monday, alongside consumer and business sentiment figures for December.
The USD gathered strength on Friday with the immediate reaction to December jobs data but the underlying details of the report made it difficult for the currency to carry its bullish momentum into the new week. Nonfarm Payrolls (NFP) rose by 216,000, surpassing the market expectation of 170,000 by a wide margin, and the Unemployment Rate held steady at 3.7%. However, the US Bureau of Labor Statistics announced downward revisions to November and October NFP readings, while the Labor Force Participation rate declined to 62.5% from 62.8% in December. The benchmark 10-year US Treasury bond yield stabilized above 4% after the labor market data and the USD Index gained 1% in the previous week.
US Dollar price in the last 7 days
The table below shows the percentage change of US Dollar (USD) against listed major currencies in the last 7 days. US Dollar was the strongest against the Japanese Yen.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | 1.03% | 0.16% | 0.88% | 1.56% | 2.25% | 1.22% | 1.22% | |
| EUR | -0.88% | -0.70% | 0.00% | 0.69% | 1.24% | 0.35% | 0.29% | |
| GBP | -0.18% | 0.70% | 0.72% | 1.39% | 2.16% | 1.03% | 1.00% | |
| CAD | -0.89% | -0.03% | -0.54% | 0.66% | 1.35% | 0.34% | 0.29% | |
| AUD | -1.58% | -0.69% | -1.40% | -0.70% | 0.52% | -0.34% | -0.39% | |
| JPY | -2.28% | -1.24% | -2.05% | -1.18% | -0.50% | -0.89% | -1.10% | |
| NZD | -1.25% | -0.35% | -1.06% | -0.36% | 0.34% | 0.86% | -0.01% | |
| CHF | -1.22% | -0.33% | -1.04% | -0.31% | 0.37% | 1.02% | 0.08% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).
Major equity indexes in Asia started the new week under bearish pressure. News of Chinese wealth manager Zhongzhi Enterprise Group filing for bankruptcy liquidation after failing to repay debt late Friday revived fears over the property sector crisis impacting the broader financial conditions. Hong Kong's Hang Seng Index fell over 2% and Shanghai Composite lost 1% on Monday.
After fluctuating wildly during the American trading hours on Friday, EUR/USD stabilized near 1.0950 and registered small losses for the week. The pair stays relatively calm early Monday and fluctuates at around weekly closing levels.
GBP/USD closed the previous week virtually unchanged and went into a consolidation phase slightly above 1.2700 early Monday.
USD/JPY spiked to a multi-week high of 146.00 on Friday but erased its daily gains in the American trading hours. The pair stays on the back foot early Monday and trades in negative territory below 144.50. Tokyo Consumer Price Index (CPI) data for December will be released in the Asian session on Tuesday.
Gold slumped below $2,030 as US yields rallied with the immediate reaction to US jobs report on Friday. XAU/USD, however, regained its traction and closed the week near $2,050. Early Monday, the pair stays under bearish pressure and trades below $2,040.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
EUR/USD fails to gather traction, remains below 1.1700
EUR/USD fails to gather momentum, trading below 1.1700 at the end of the week. The pair is pulled down by dwindling prospects for an EU-US trade accord, as US President Trump is expected to send a tariff letter to the European Union later today, while the continued demand for the US Dollar also keeps the risk complex under extra pressure.
Meme coins to watch as Bitcoin hits record high
Meme coins Bonk, Dogwifhat, and Floki are positioned to extend gains as the weekly recovery reaches crucial resistance levels. The meme coins gain bullish momentum on the back of Bitcoin’s (BTC) recovery run, hitting a new all-time high on Thursday.
Gold challenges two-week highs near $3,360
Gold gains upside impulse at the end of the week, trading near the $3,360 mark per troy ounce in respose to solid demand from te safe-haven space. Persistent trade uncertainty underpins the ongoing risk-off mood among investors, lending extra wings to the precious metal.
GBP/USD drops below 1.3500, flirts with three-week lows
GBP/USD continues its weekly retracement on Friday, trading at its lowest level in nearly three weeks below the 1.3500 support. The UK's poor GDP statistics drags on the British pound, while the US Dollar continues to profit from safe-haven flows, sending Cable and its risk-related peers to lower levels.
Week ahead – A storm of CPI data and China’s GDP in focus amid trade uncertainty
Dollar attracts safe haven flows amid trade anxiety. US inflation data could shake July Fed cut probability. UK, Canadian and Japanese CPI numbers also on tap. Weak Chinese growth may increase calls for more stimulus.
Best Brokers for EUR/USD Trading
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.