Financial Market Situation Changed Again, US Dollar Strong Again!

<p>&nbsp;The dollar strengthened on Monday, recapturing gains after a three-week slide on expectations that the Federal Reserve will soon cut interest rates.</p><p><br /></p><p>The euro ended up 0.2% at $1.0864, while the dollar index, which measures the currency's value against six major currencies, strengthened by 0.26% to 103.469.</p><p><br /></p><p>Last month, the euro strengthened 3% against the US dollar and hit its highest level since August when it traded above $1.10, as data showed US inflation was slowing. The US dollar index fell 3.1% in November, the biggest monthly decline in a year.</p><p><br /></p><p>On the other hand, sterling was down 0.31% at $1.267 on Monday, while the Australian currency was down 0.41% at $0.6648. The US dollar also strengthened against the Swiss franc, up 0.33% at 0.8722 francs.</p><p><br /></p><p><br /></p><p>Chairman Jerome Powell announced on Friday that the Fed is ready to tighten policy if necessary, while also saying that interest rates are "ripe" and slowing inflation.</p><p><br /></p><p>Data on Monday showed that exports from Germany surprisingly fell in October, undermining hopes that Europe's biggest economy is on a steady course.</p><p><br /></p><p>The main focus for investors this week is the US jobs report for November, which is expected to show the American economy added 180,000 jobs last month, up from 150,000 in October.</p><p><br /></p><p>Currency markets may also be influenced by the speeches of some European Central Bank officials.</p>