Here is what you need to know on Monday, December 23: Improving risk mood caused the US Dollar (USD) to lose interest heading into the weekend.
Here is what you need to know on Monday, December 23: Improving risk mood caused the US Dollar to lose interest heading into the weekend. At the beginning of the week, US stock index futures trade in positive territory and the USD Index struggles to gain traction. Chicago Fed National Activity Index for November and Conference Board's Consumer Confidence Index for December will be featured in the US economic docket on Monday.
USD/JPY gained nearly 2% in the previous week and climbed to its highest level since July near 158.00. Following a sharp correction on Friday, the pair stays in a consolidation phase below 157.00 in the European morning on Monday. Gold recovered on Friday and rose more than 1% on the day as the US Treasury bond yields turned south. XAU/USD continues to stretch higher to begin the week and was last seen trading at around $2,630.
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