U.S. dollar index trades to 101.48

Weekly synopsis

The U.S. dollar declined versus its major counterparts last Friday, amid the traders and the investors locking their profit following the currency's superb rally.

The U.S. dollar index traded to 101.48 and fell 0.28%. The USD/JPY traded to 113.22, falling 0.12%. The EUR/USD appreciated 0.31% to 1.0586.

Weekly major events

On Monday, Mario Draghi, ECB's President, will be testifying on the bank's outlook regarding monetary and economic developments.

On Tuesday, the U.S. will be publishing its GDP for the third quarter, Germany its consumer price inflation, Japan its household spending, Stephen Poloz, Bank of Canada Governor, will be holding a speech in Toronto and William Dudley, the New York Fed, in Puerto Rico.

On Wednesday, the euro zone will be releasing its consumer price inflation forecasts, Germany its retail sales and unemployment report, Australia its building approvals, the U.S. its November ADP nonfarm payrolls, and Mario Draghi will be giving a speech in Madrid, Spain.

On Thursday, the U.S. is to publish its manufacturing PMI and initial jobless claims, the U.K its manufacturing PMI, China its services and manufacturing PMIs, and Australia its private capital expenditure.

On Friday, the U.S. will be rounding up its non-farm payrolls data, Canada is to publish its November employment report, the U.K its construction PMI, and Australia its retail sales data.

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