US Dollar Mixed as Markets Await CPI, IPSA Gains 1% to 6,700 Points on China Stimulus

The US dollar showed mixed performance on December 9, 2024, as markets awaited key economic data. The dollar rebounded 0.3% from a three-week low, supported by a modest rise in unemployment, while the euro declined 0.3% to $1.0561, marking its fourth weekly loss in five weeks. The dollar ended little changed at 150 yen but gained 0.2% overall. Meanwhile, the dollar weakened against other currencies, closing at $970 in response to China's announcement of a significant economic stimulus plan. The IPSA index rose 1%, reaching 6,700 points, its highest level in six weeks, driven by optimism following China's stimulus announcement. The market is now focused on the upcoming US Consumer Price Index (CPI) data release, which could influence the dollar's trajectory depending on inflation trends.