Hubpay FX Weekly Report - 7th January 2025:

In the first FX Weekly Report of 2025, we explore the latest currency trends and market dynamics. With global economic resilience, particularly in the US, driving the Dollar to new highs, significant shifts in other currencies are also shaping the FX landscape. The report covers key updates from major global regions, providing a comprehensive outlook for investors and businesses navigating the ever-changing foreign exchange market.

Key Points:

• US Dollar continues its strength, hitting a 14-month high, supported by strong labor data and reduced expectations of Fed rate cuts in 2025.
• Renminbi and Japanese Yen face pressure as trade tensions, and policy uncertainties weigh on their performance.
• Sterling and Euro struggle, with both currencies underperforming due to weak economic data and a stronger US Dollar.
• Indian Rupee and Pakistani Rupee reflect domestic economic pressures, with calls for rate cuts in both countries.
• Nigerian Naira remains stable, but liquidity issues persist, while South African Rand shows signs of weakness amid domestic challenges.

Stay informed with Hubpay’s FX Weekly Report, where we break down currency movements, economic data, and key trends shaping the global financial landscape. To get the full report and stay ahead of market changes, visit wearehubpay.com and subscribe to our newsletter today!