05.12.2024: Rising unemployment to harm USD? Daily outlook for DXY, EUR, Brent, RUB

Yesterday, the Federal Reserve Chairman reiterated his previous statement that the US economy is currently in "remarkably tip-top shape." Besides, yesterday in France, the government received a vote of no confidence from Parliament for the first time since 1962.
Remarkably, by the end of the year, even such bastions of stability as Germany, France, Japan, and South Korea have been engaged in political turmoil. Commonly, such jitters only increase the investment appeal of the US dollar as a safe-haven asset.

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00:00 INTRO
00:33 USDX
01:03 ADP EMPLOYMENT REPORT
01:34 EUR
02:12 CHRISTINE LAGARDE
02:38 GERMANY FACTORY ORDERS
03:28 EUR | USD
04:48 US INITIAL UNEMPLOYMENT CLAIMS
05:52 BRENT
07:14 USD | RUB