Time | Country | Event | Period | Previous value | Forecast | Actual |
---|
09:30 | United Kingdom | Net Lending to Individuals, bln | October | 9.57 | | 2.31 |
09:30 | United Kingdom | Consumer credit, mln | October | 0.289 | 0.4 | 0.7 |
09:30 | United Kingdom | Mortgage Approvals | October | 71.9 | 71.25 | 67.199 |
10:00 | Eurozone | Consumer Confidence | November | -4.8 | -6.8 | -6.8 |
10:00 | Eurozone | Industrial confidence | November | 14.2 | 13.9 | 14.1 |
10:00 | Eurozone | Economic sentiment index | November | 118.6 | 117.5 | 117.5 |
USD traded mixed and little changed against other major currencies in the European session on Monday, as fears of restrictions in response to a discovery of a new coronavirus variant named Omicron, which pounded the financial markets on Friday, calmed.
The U.S. Dollar Index (DXY), measuring the U.S. currency's value relative to a basket of foreign currencies, edged up 0.07% to 96.16.
The cases of the newly-discovered coronavirus variant, which was first found in South Africa, have been already detected in Europe, Africa, and Asia. Some experts, however, say that symptoms of the Omicron variant could be milder than first suggested, but it's too early to confirm such statements. The World Health Organization (WHO) noted it was not yet clear whether Omicron is more transmissible compared to other variants, including Delta, or whether it causes more severe disease.
Market participants look to impact the outbreak of the Omicron variant may have on the global economic recovery and the central banks’ policies. It is expected that the Federal Reserve’s chairman Jerome Powell will address the potential threat of the new variant in his speech when he testifies before the Senate Banking Committee on Tuesday.
In addition, investors waited for the release of the U.S. November employment report on Friday, which is anticipated to show the addition of 550,000 new jobs last month.