The US Dollar declined at the start of the week due to increased risk appetite. Key economic data releases are scheduled for Tuesday, including Eurozone inflation and US ISM Services PMI and Job Openings figures.
The US Dollar ( USD ) weakened at the start of the week as risk appetite increased. Eurostat will release December inflation data for the Eurozone on Tuesday. Later in the day, the US will see the December ISM Services PMI and November JOLTS Job Openings data. On Monday, reports surfaced that President-elect Donald Trump's team was considering tariffs on all countries, excluding critical imports.
Although Trump denied these claims, risk sentiment improved, making it difficult for the USD to remain strong. After dropping over 0.5% on Monday, the USD Index struggled to rebound on Tuesday morning, staying slightly below 108.00. Meanwhile, US stock index futures traded marginally lower. \The table below shows the percentage change of the US Dollar (USD) against major currencies this week. The USD was weakest against the British Pound. \The heat map illustrates percentage changes of major currencies against each other. The base currency is selected from the left column, while the quote currency is chosen from the top row
USD US Dollar Risk Appetite Eurozone Inflation Economic Data
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