
Dollar-won one-month NDF rises 6.20 won to 1,510.00 won in New York trading as strong U.S. employment data dampens Fed rate cut expectations, pushing dollar index back above 100 amid Good Friday market closures and stalled U.S.-Iran peace talks.

Gold futures fell 1.56% to $4,982.70 per ounce as surging crude oil prices rekindled inflation concerns and reduced Federal Reserve rate cut expectations, with strategists predicting long-term potential for $6,000 gold despite near-term headwinds from higher interest rates.

U.S. interest rate futures market now prices in less than 25 basis points of cuts for 2025, with 2-year Treasury yields breaking 3.7% as Iran tensions fuel inflation concerns and oil prices surge past $97 per barrel, casting doubt on even a single Fed rate cut this year.

US February nonfarm payrolls expected to show 60,000 new jobs, down from January's 130,000, with unemployment rate projected to rise to 4.4% as economists warn of labor market weakness ahead despite current stability, while Citigroup forecasts 75bp rate cuts this year