U.S. Economic Data Summary – Impact on USD

Overall bias: ⚠️ Mixed → Slightly Negative for USD

Key results:

* Nonfarm Payrolls (Nov): 64K (below prior, weak job growth) ❌

* Unemployment Rate: 4.6% (higher than expected) ❌

* Average Hourly Earnings (MoM): Mixed, lower momentum ❌

* Retail Sales (MoM): Flat to soft ⚠️

* Core Retail Sales: Slightly better, but not strong enough ✅⚠️

Conclusion:

Labor market is cooling and unemployment is rising, which reduces USD strength despite some resilience in consumption. This supports lower rate expectations.

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