Only ‘catastrophic missteps’ could unseat the U.S. dollar, says author Paul Blustein: ‘It is entrenched—like it or not’

Initial jobless claims in the U.S. have unexpectedly risen, indicating potential challenges in the labor market. This development has led to a bearish outlook for the U.S. dollar, as investors react to the implications of increasing unemployment claims on economic stability.

Job growth in the U.S. accelerated in September, defying expectations as the economy approached a government shutdown. This positive trend indicates resilience in the labor market despite ongoing economic challenges.

Nonfarm Payrolls in the U.S. surged, surpassing forecasts and contributing to a strengthening of the U.S. dollar. This positive development indicates a robust labor market recovery, with analysts closely monitoring the implications for economic growth and consumer spending.

In September, U.S. nonfarm payrolls increased by 119,000, while the unemployment rate rose to 4.4%. This job growth follows unexpected losses in August, indicating a potential rebound in the labor market. Analysts are closely monitoring these developments as they assess the overall economic landscape.

Verizon is set to notify over 13,000 U.S. employees on Thursday regarding layoffs in what marks the company's largest workforce reduction to date.

Oil prices have increased due to a significant draw in U.S. crude stocks, which has provided upward momentum in the market. However, potential peace talks regarding the Ukraine conflict are capping these gains, as traders remain cautious about the implications for oil supply and demand. The market is closely monitoring geopolitical developments that could affect prices.

Swiss watch exports fell by 4.4% in October compared to the same month last year, primarily due to a decline in the U.S. market. This downturn reflects ongoing challenges faced by the luxury watch sector amid changing trade dynamics and tariffs.

Swiss watch exports fell by 4.4% in October compared to the same month last year, primarily due to a decline in demand from the U.S. market. This downturn reflects ongoing challenges faced by the Swiss watch industry amid tariff impacts.