Economic calendar for the week 11.12.2023 – 17.12.2023

It looks like the dollar's downward correction is coming to an end. After October data on inflation in the United States indicated its further slowdown, market participants started actively taking profit in long positions in the dollar and moving to sales. The dollar has weakened significantly over the past few weeks with its DXY index hitting its lowest level since mid-August at 102.38.

The slowdown in the US inflation has significantly reduced the likelihood of another US interest rate hike. However, dollar buyers perked up after the publication of the US GDP data for the 3rd quarter, which indicated a… Read full author’s opinion and review in blog of #LiteFinance