Market expectations regarding a potential rate hike by the Bank of Japan remain uncertain as policymakers' comments suggest a mixed outlook ahead of their meeting on December 18-19, 2024.

Investors are closely watching the upcoming U.S. non-farm payrolls report for November, which is expected to show an increase of 200,000 jobs, a significant rise from only 12,000 in October.

In response to the political crisis, French President Emmanuel Macron is seeking a new prime minister after the resignation of Michel Barnier.

Bitcoin retreated after surpassing $100,000, currently trading at $97,616, as traders took profits following its all-time high of $103,649.

Meanwhile, the South Korean won remained steady at 1415.5, recovering from instability caused by the recent political chaos following the rescinded martial law by President Yoon Suk Yeol.

On December 6, 2024, major currencies stabilized amidst political turmoil in France and South Korea, following significant government changes.

In Europe, most economists anticipate the European Central Bank will implement a 25-basis-point rate cut on December 12, 2024, despite ongoing political instability.

The euro was down 0.05% at $1.0582, moving away from a two-year low as political stability in France was sought after President Emmanuel Macron's government faced a vote of no confidence.

The U.S. dollar rose 0.05% to 105.77 against a basket of six major currencies, recovering slightly after a dip towards a three-week low.

Current market expectations indicate a 72% chance of a 25-basis-point rate cut by the Federal Reserve during their meeting on December 17-18, 2024.

Analysts suggest the Federal Reserve is cautious about the anticipated payroll rebound and may consider a rate cut if the unemployment rate remains above 4.0%.