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  • US Challenger Job Cuts edged higher in December.
  • US Dollar Index consolidates daily gains near 89.80. 

Planned job cuts in the US-based employers rose to 77,030 in December from 64,797 in November, Challenger Gray & Christmas announced in its latest Job Cut Report on Thursday.

Market reaction

This report doesn’t seem to be having a significant impact on the greenback’s performance against its rivals ahead of key Initial Jobless Claims and ISM Services PMI data. As of writing, the US Dollar Index was up 0.28% on a daily basis at 89.78.