What happp

US dollar ended last week's trading in the uptrend with modest gains. This movement coincided with rising indices in Wall Street and other global stock markets. Markets were driven by different developments, including mixed economic data, political developments in Europe and the Middle East, and some monetary policy-related implications.

The release of US employment data in the heart of market attention. Jobs readings released ?last week suggested that the US job market was in great shape last November. They reflected continuous increase in ?jobs and wage growth to an extent that surprised markets when they revealed a significant increase in the number of jobs added by the US economy and a substantial rise in wage growth far exceeding market expectations.

US labor market showed resilience in November, with non-farm payrolls increasing by 227,000 jobs, according to the Bureau of Labor Statistics (BLS) report released on Friday. This strong figure was beyond market expectations of 200,000 jobs and significantly surpassed October's revised increase of 36,000 jobs, which was initially reported as only 12,000 jobs.

Stronger-than-expected data underscore sustained recovery in employment, reflecting the ongoing strength of the US economy despite broader global uncertainties. The upward revision for October, combined with impressive growth in November highlights continued demand in key sectors and indicates that the labour market is still gaining momentum as the year comes to an end.

Investors and policymakers are closely examining these figures as they could influence projections for the Federal Reserve's monetary policy. The recent numbers might counter previous signals of labour market weakness, adding complexity to forecasts for potential interest rate adjustments in the coming months.

The data signalled that the Federal Reserve still needs to lower interest rates further, suggesting a continuation of the current easing approach in monetary policy. The environment of low borrowing costs presents greater opportunities for financial growth for companies and businesses, fostering economic activity. These forecasts led to an increase in risk appetite in the markets following the release of data highlighting the potential for the central bank to lower borrowing costs even more in the near future.