Expert insights: Will the dollar 'come home' at Nonfarm Payrolls tomorrow?

Europe's quarterly GDP figures are out December 7th, while U.S. Nonfarm Payrolls are announced December 8th.
Will the data show that the USD and EUR are indeed coming home to U.S. and Europe from emerging markets?
We follow up our previous story earlier this week with an interview with markets expert Jimmy Moyaha.

Earlier this week, we looked at a recent discussion at Brookings Institute which discussed how, in hawkish times, dollars (and euros) flow from higher risk, emerging markets back into 'safer' developed nations - in particular, the United States. This is called the 'dollar coming home' by economists.

See the original story here

Now analyst, radio commentator and emerging markets expert Jimmy Moyaha weighs in, ahead of Nonfarm Payrolls tomorrow and the GDP announcements of the Eurozone later today.

Moyaha on the 'dollar comes home' phenomenon:

But is the trend over?

It probably is, according to Moyaha.

So, what's a retail investor to do?

Now may be the time for the range trade, or straddle, in your strategy. "Retail investors may see some sideways movement and range-bound trading in the last two weeks of 2024, but may also be subjected to the natural profit taking that generally arises from this time of year," Moyaha says.