Here’s what you need to know on Monday, December 15:
After last week’s volatile events, financial markets became relatively calm on Monday as investors prepared for upcoming central bank events and key data releases later in the week. In the second half of the day, Statistics Canada will publish Consumer Price Index (CPI) data for November. Market participants will also pay close attention to comments from Federal Reserve officials.
The price of the US dollar this month
The table below shows the percentage change in the price of the US Dollar (USD) against the major currencies listed this month. The US dollar was weakest against the Canadian dollar.
| US dollars | euro | GBP | JPY | Canadian | Australian dollar | New Zealand dollar | Swiss franc | |
|---|---|---|---|---|---|---|---|---|
| US dollars | -1.15% | -0.90% | -0.70% | -1.51% | -1.44% | -0.80% | -0.90% | |
| euro | 1.15% | 0.25% | 0.45% | -0.36% | -0.29% | 0.35% | 0.25% | |
| GBP | 0.90% | -0.25% | 0.46% | -0.61% | -0.54% | 0.10% | 0.00% | |
| JPY | 0.70% | -0.45% | -0.46% | -0.81% | -0.76% | -0.11% | -0.21% | |
| Canadian | 1.51% | 0.36% | 0.61% | 0.81% | 0.02% | 0.72% | 0.61% | |
| Australian dollar | 1.44% | 0.29% | 0.54% | 0.76% | -0.02% | 0.64% | 0.54% | |
| New Zealand dollar | 0.80% | -0.35% | -0.10% | 0.11% | -0.72% | -0.64% | -0.10% | |
| Swiss franc | 0.90% | -0.25% | -0.00% | 0.21% | -0.61% | -0.54% | 0.10% |
The heat map shows the percentage changes in major currencies versus each other. The base currency is chosen from the left column, while the counter currency is chosen from the top row. For example, if you select USD from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
the US Dollar Index (USD). It fell sharply after the Fed’s policy announcements last Wednesday and closed the third straight week in negative territory. Early Monday, the dollar index moved sideways just below 98.50. On Tuesday, the US Bureau of Labor Statistics will publish nonfarm payrolls (NFP) data for October. Meanwhile, US stock index futures rose around 0.3% in the European morning, reflecting a positive market risk-on sentiment. Ukrainian President Volodymyr Zelensky offered to abandon his long-held ambition to join NATO during five-hour talks with US envoys in Berlin to end the war with Russia, Reuters reported on Sunday, with talks expected to resume on Monday.
After falling by more than 0.3% in the previous week US Dollar/Canadian Dollar It settles above 1.3750 to start the European session. Annual CPI inflation in Canada is expected to rise to 2.4% in November from 2.2% in October.
EUR/USD It closed above 1.1700 last week, after a three-day rally. The pair remains in a consolidation phase below 1.1750 early Monday. On Thursday, the European Central Bank will announce monetary policy decisions.
Japanese companies cited easing uncertainty over US trade policy and resilient demand in high-tech sectors as key factors supporting business sentiment, according to a senior Bank of Japan official’s comments on the tankan survey. After making marginal gains the previous week USD/JPY It remains under downward pressure and retreats towards 155.00 early Monday, losing about 0.5% on a daily basis.
gold Gold is holding on to its bullish stance after rising more than 2% last week and rising towards $4,350 in the European morning.
After touching its highest level since mid-October near 1.3440 on Thursday. GBP/USD It corrected lower and closed slightly lower on Friday. The pair is struggling to regain its momentum and is fluctuating in a narrow channel above 1.3350 at the start of the European session on Monday. The Bank of England (BoE) will announce its interest rate decision on Thursday.
