The U.S. Dollar is being pulled in mixed directions to start off the new year, while closing out a week characterized by low activity as the world looks to return next week full throttle.
At the time of writing, most headlines focused on the positive opening for Asian trading, which saw that the overnight session be the best beginning to any year since 2012. Over in Europe, similar vibes came in to kick off 2026 with positivity as the Europe Stoxx 600 index hit its highest point of all time. There is renewed sentiment regarding A.I. and its capabilities, which are leading to large speculation over big profits to arrive across industries. NVIDIA seems to be hogging attention again with pre-market growth already at 1.4%.
Thus far, the Buck is coming off a tumbling December, which witnessed it fall in value overall by 1.2% per the Bloomberg Dollar Spot Index. As a whole, USD was getting away from its lowest level since the start of October. In terms of data, we have the S&P Global U.S. Manufacturing Purchasing Managers Index from December out later today at 9:45 AM. Starting Monday, we have plenty of data to chew on with the Institute of Supply Management gauges from December, along with Personal Income & Spending as well as Personal Consumption Expenditures numbers from back in October.
What to Watch This Week…
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