Key events: UK - BoE MPC Member Broadbent Speaks Canada - New Housing Price Index (MoM) (Nov) Eurozone - ECB's Schnabel Speaks Eurozone - ECB's Lane Speaks On the closing bell last Friday, Wall Street witnessed a blend of outcomes, and the dollar staged a recovery as market participants took a pause after a week marked by crucial central bank decisions and economic data releases. Treasury yields made a descent to levels not seen in several months.
Key events: Eurozone - ECB McCaul Speaks Eurozone - ECB President Lagarde Speaks US stocks are declining as the global growth forecast continues to worsen due to weak global PMI readings. The risk of a severe economic downturn is higher for Europe compared to the US, which could maintain support for the dollar in the short term.
Key events: UK – Manufacturing PMI (Nov) USA – Core PCE Price Index (MoM) (Oct) USA – Initial Jobless Claims USA – ISM Manufacturing PMI (Nov) The U.S. dollar is declining against major currencies in trading Thursday morning after a speech the day before by U.S. Federal Reserve (Fed) Chairman Jerome Powell.