Dollar trades weaker after its recent rally

U.S. dollar lower since last week

Weekly synopsis

The dollar fell, thus trading weaker to its main counterparts last Friday, amid the traders having taken their profits upon the latest rally in place. 

U.S. dollar index lower to 102.29

The U.S. dollar index reached the 102.29 zone, trading 0.28% lower. On a yearly basis, the index appreciated approximately 3.7%.

The EUR/USD traded 0.29% higher, ending at 1.0517 while climbing to 1.0653 during the Asian trading session.

The GBP/USD traded to 1.2350, rising 0.71%, and the USD/JPY to 116.95, appreciating 0.34%.

Weekly major events

On Monday, all the financial markets will be non-operational for the New Year holiday.

On Tuesday, Japan and New Zealand's financial markets will resume closed for holidays. The U.K will be publishing its manufacturing activity data, Germany its unemployment rate and preliminary inflation data, and China its Caixin manufacturing PMI.

On Wednesday, the FED will release its December meeting minutes, the euro zone its inflation data, and the U.K its construction activity figures.

On Thursday, the U.S. is to publish its jobless claims and ADP nonfarm payroll report, China its Caixin services PMI, and the U.K its service sector activity data.

On Friday,  the U.S. will be rounding up its factory orders and nonfarm payrolls data, Canada and Australia their trade data jobs report and Germany its retail sales and factory orders figures.

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