Market attention at the end of last week was focused on the US NFP employment report published in the last session.
The report, published early in the New York session, has invited mixed reactions for the US dollar's currency movement.
Looking at the report, the increase in employment in November increased to 227,000, beating the forecast of 218,000. The reading of 12,000 in the previous month was also revised up to 36,000.
Average hourly earnings remained at 0.4% compared to the forecast of a decrease to 0.3%, while the unemployment rate recorded an increase to 4.2% for November, missing the expectation of remaining at 4.1%.
The US dollar showed a decline in the initial reaction to the report, but managed to strengthen to end the last trading session of the week on a better note.
After watching the jobs report, the Federal Reserve (Fed) will turn its attention to US inflation data this week for further clues in their monetary policy setting.
The US dollar's movements will continue to be watched carefully by investors ahead of the last FOMC meeting of 2024 next week.
Signs of a recovery in the US dollar at the end of last week provided an early warning for other major currencies in the market to brace for renewed pressure.
