here, the ECB rate move in January is largely priced in already and there wasn't much to move the needle from the PMI data releases today. Adding to that, the key near-term levels seen above and large option expiries are continuing to anchor the pair closer to 1.0500 for the time being.
European indices are lower after a more sluggish showing last week, with US indices also having been kept in check. That said, US futures are higher today but again we'll have to take stock of the mood again later when Wall Street enters the fray. It's always a different ball game when US markets open and with eyes on the PMI data later.
The main events this week are the key central bank meetings featuring the Fed, BOJ, and BOE. As such, we're caught in a bit of a waiting game in starting off the final real trading week of the year.
This article was written by Justin Low at www.forexlive.com. Read More Details
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