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Daily Global Forex Market Highlights (January 8)

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2025-01-08 15:04:18
< br > < span class = "section-news" > 1. Former Bank of Japan Governor Haruhiko Kuroda expects more interest rate hikes. < br > < span class = "section-news" > 2. Federal Reserve Bostic: Inflation is expected to gradually fall to 2% this year, but the Fed should still make decisions cautiously. < br > < span class = "section-news" > 3. US President-elect Trump: Inflation is too high and continues to surge; interest rate levels are too high. < br > < span class = "section-news" > 4. Brazilian Finance Minister Haddad: I think the foreign exchange market reaction is too exaggerated, and interest rates will be adjusted. < br > < span class = "section-news" > 5. The Indian rupee fell below 85.84 against the US dollar, a record low. < br > < span class = "section-news" > 6. The US JOLTs job vacancy data recorded 8.098 million in November, exceeding market expectations. The previous value was revised up. The ISM non-manufacturing PMI recorded 54.1 in December, exceeding market expectations. After the data was released, traders no longer fully digested the bet that the Federal Reserve would cut interest rates before July. < br > < span class = "section-news" > 7. Argentina's inflation rate is expected to be 25.9% in 2025, according to the Central Bank of Argentina survey. The economy is expected to grow by 4.5% in 2025, the unemployment rate is expected to reach 7.0% by the end of the year, and the exchange rate of the US dollar against the Argentine peso is expected to reach 1,205 pesos per dollar by the end of the year. < br > < span class = "section-news" > 8. ECB survey: Consumer inflation expectations for the coming year rose to 2.6% in November, up from 2.5% in October. Three-year inflation expectations rose to 2.4%, up from 2.1% previously.