USD Remains in a Holding Pattern: Market Awaits Tomorrow’s Jobs Report and Supreme Court Ruling

Market Update: US Dollar and Global Developments

The US dollar is showing a mixed performance against other major currencies, though the overall consolidating trend persists. This stability could be tested soon, as investors await the upcoming US employment data and a Supreme Court ruling regarding the president’s authority to impose tariffs under emergency powers.

In domestic news, President Trump has introduced several new policy measures. These include proposed limits on executive compensation for defense contractors, restrictions on how these companies return capital to shareholders, and efforts to prevent institutions from purchasing single-family homes.

Across the Atlantic, Germany has reported a notable increase in factory orders, indicating that its economic recovery is gaining momentum, even though recent PMI figures have fallen short of expectations.