The session has started relatively quietly, offering limited opportunities for traders and investors. Overall risk sentiment remains subdued, despite modest gains in European indices following a steady performance yesterday. US futures are flat, providing little indication of changes in risk appetite.
Major currencies are mostly range-bound, with the US dollar maintaining steadier footing after a softer start to December. The main notable mover is USD/JPY, which has declined by around 0.2%, gradually slipping below the 155.00 level.
Other major currency pairs show little movement. EUR/USD remains constrained in a narrow range due to large option expiries, while other major currencies have fluctuated within just 15 pips against the dollar.
On the week, the US dollar remains somewhat vulnerable, though the gradual decline has temporarily paused.
Focus for traders will shift to key US economic data later in the day, including the Challenger job cuts report and weekly initial jobless claims. It is important to note that there will be no non-farm payrolls report this week, which usually carries significant market impact.
Original Source: Justin Low of investinglive.com
