Forex Today: US Dollar weakens to start last trading week of 2022 – by eren_fxstreet Currencies Majors Macroeconomics Commodities CryptoCurrencies
data will be featured in the US economic docket later in the day. US stock index futures trade in positive territory and the 10-year US Treasury bond yield holds steady near above 3.75%.
Nevertheless, the relatively upbeat risk mood stays intact in the European morning, making it difficult for the safe haven US Dollar to stay resilient against its rivals. Ahead of the Christmas holiday, the US Bureau of Economic Analysis reported that the Core Personal Consumption Expenditures Price Index rose by 0.2% on a monthly basis, brining the annual rate down to 4.7% from 5% in October. Both of these readings came in line with analysts' forecasts.
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