Non-farm payroll data and tariff ruling double pressure, US Dollar Index hits new four-week high

Odaily reported that US Treasury yields rose slightly while the US dollar strengthened ahead of the release of December non-farm payroll data. Fadi Al Kurdi of FFA Kings stated in a report that this data "could be crucial in shaping monetary policy expectations for 2026." He noted that any significant deviation from expectations could inject volatility into the foreign exchange and bond markets. Meanwhile, markets are awaiting an upcoming ruling from the US Supreme Court on whether former President Trump can invoke the International Emergency Economic Powers Act to impose tariffs without congressional approval. The US Dollar Index rose 0.1% to 99.091, reaching a new four-week high. (Jin10)