Expect volumes to be very thin again. On the data side, we’ll see the release of US S&P PMIs, a piece of data that has triggered a growing market impact but may fail to decisively steer the Dollar in a low-volume day.

It should be a relatively quiet day in FX today. We expect the Dollar to keep stabilising around current levels.

The next two weeks will set the tone for FX markets into Christmas, with key data (like Nonfarm Payrolls) published in the US.