💨 Abstract

The dollar rose for a second day on Wednesday, with major currencies near multi-month lows, due to strong U.S. data causing a spike in bond yields and reducing bets on Federal Reserve rate cuts. job openings increased in November and layoffs were low, while services sector activity accelerated in December with input prices hitting a two-year high - a potential inflation warning.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖