Following Tuesday’s sell-off, the markets will turn to private sector PMI and German retail sales ahead of U.S stats. FED Chair Powell and COVID-19 news updates remain in focus, however.
It’s going to be a busier final month of the year. While economic data will be of interest, monetary policy and COVID-19 will likely continue to drive the majors having weighed on riskier assets late in November.
Additionally, gold futures rose 0.6% to $1,795.15/oz, while EUR/USD traded 0.5% higher at 1.1351.