Investors' focus at the end of last week's trading was on the United States (US) NFP employment data report for December which has shaken the market.
Examining the report, the increase in jobs recorded in December jumped to 256,000 compared to the forecast of 164,000.
The figure also surpassed the previous month's reading of 212,000 which was revised down.
Average hourly earnings met the forecast to fall to 0.3%, but the unemployment rate, which was expected to remain at 4.2%, instead fell to 4.1%.
Overall, the December employment report reading was excellent and this followed the rising inflation figure.
Thus, this is an indicator that strengthens the forecast of monetary policy easing by the Federal Reserve (Fed) which will be slowed down ahead of the first FOMC meeting of 2025 at the end of January.
As soon as the jobs report was published, the US dollar jumped strongly to resume its previous strengthening momentum.
Most other major currencies fell 'drooping' due to the pressure situation of strengthening the king of currencies.
The Canadian Dollar also struggled to withstand the pressure of strengthening the US dollar despite the Canadian jobs data report published together in the last session of the week with encouraging readings.
Canada's job growth in December jumped to 90,900 when the forecast was slow at 24,900. Meanwhile, the unemployment rate, which was expected to rise to 6.9%, recorded a decrease to 6.7%.
The scenario of strengthening the US dollar will be brought in the opening trade early this week with important economic data to be observed throughout the week.
If last week the NFP data was the focus, this week the US inflation data will be awaited for the latest Fed guidance.
