There is quite a bit of data yet for publication over the course of the week. As liquidity is likely to be thin, the fluctuation in USD could be quite pronounced, Antje Praefcke, FX Analyst at Commerzbank, reports.

Do not ignore the screens completely

“Those of you who will be on their screens until just before Christmas should not switch off completely and keep an eye on US data publications, so as not to miss a possible sudden move in the US Dollar.”

“Thin markets, US data and the market’s attempt to get a better idea of future monetary policy do not necessarily but could potentially constitute an explosive mix. We don’t want any nasty surprises just before Christmas after all.”