CALM BEGINNING TO A BUSY WEEK FOR CENTRAL BANKS

What you need know on Monday, December 11 is as follows:

Early on Monday, the financial markets remain largely quiet as investors get ready for the release of much-awaited macroeconomic data and central bank meetings later in the week. There won't be any premium data releases on the economic calendar. Participants will be eagerly monitoring the results of the 10-year US Treasury note auction during the late American session.

After three weeks of losses, the US Dollar (USD) Index recovered as the positive November jobs report kept the currency strong through the weekend. According to data released on Friday by the US Bureau of Labor Statistics, nonfarm payrolls (NFP) increased by 199,000 while the unemployment rate decreased from 3.9% to 3.7%. The USD Index is stable early on Monday, hovering around 104.00. Meanwhile, US stock index futures are trading slightly lower on the day, while the benchmark 10-year US Treasury bond yield is still fluctuating above 4.2%.

The current US dollar price

The US dollar's (USD) percentage change compared to a list of major currencies is displayed in the table below. The US dollar outperformed the Japanese yen in this exchange.

The major currencies' percentage movements relative to one another are displayed on the heat map. The quotation currency is selected from the top row, and the base currency is selected from the left column. For example, the percentage change shown in the box will indicate EUR (base)/JPY (quote) if you select the Euro from the left column and proceed along the horizontal line to the Japanese Yen.

According to data from China, the monthly Consumer Price Index decreased by 0.5% in November, resulting in a decrease in the annual CPI inflation rate to -0.5% from -0.2% in October.

On Friday, the EUR/USD fell below 1.0730 to its lowest point in three weeks, and it concluded the week lower than it started. Early on Monday, the pair trades over 1.0750, consolidating its losses from the previous week.

The GBP/USD pair begins the week moving in a narrow channel, up and down around about 1.2550. The UK Office for National Statistics will make available labor market data for October on Tuesday.

The USD/JPY gathered momentum and surpassed 145.00 early on Monday after drastically bouncing in the second half of the previous week due to rumors that the Bank of Japan was getting ready to exit negative rates.

Although gold continued to decline weekly on Friday, it was still able to close just over $2,000. Monday morning in Europe, XAU/USD tests that crucial level as it tries to overcome the negative pressure.