On the Macro
Its another busy week ahead on theeconomic calendar, with 48 stats to monitor over the week.
While the stats are on the lighter side relative to the week prior, monetary policy and politics will also be in focus.
For the Dollar:
After a quiet start to the week, November inflation figures get things going on Wednesday. Following the softer Core PCE Price Index figures for October, forecasts are for the annual rate of core inflation to hold steady at 2.3%.
On Thursday, November wholesale inflation figures will also provide direction ahead of a busy end to the week.
On Friday, November retail sales and core retail sales will be in focus. With the holiday season coming up and the U.S equity markets hitting fresh highs late in the year, any weak numbers would weigh heavily on the Greenback.
October inventory numbers will also be in focus on the day.
Through the week, 3rdquarter productivity and unit labor cost numbers on Tuesday and the weekly jobless claims figures on Friday will likely have a muted impact on the Dollar.
On Friday, import and export price index figures will play 2ndfiddle to the retail sales figures.
Outside of the numbers, chatter on trade will continue to provide direction ahead of the FEDs final monetary policy decision of the year.
The Dollar Spot Index ended the week down 0.58 at $97.700.
The article was written by FX Empire's Bob Mason, for the full article: