| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 08:30 | Switzerland | Manufacturing PMI | December | 62.5 | 61 | 62.7 |
| 08:50 | France | Manufacturing PMI | December | 55.9 | 54.9 | 55.6 |
| 08:55 | Germany | Manufacturing PMI | December | 57.4 | 57.9 | 57.4 |
| 09:00 | Eurozone | Manufacturing PMI | December | 58.4 | 58 | 58 |
USD fell against most of its major counterparts in the European session on Monday, as investors continued to assess one of the major themes of 2021 the impact of the Omicron variant.
The U.S. Dollar Index (DXY), measuring the U.S. currency's value relative to a basket of foreign currencies, fell 0.20% to 95.79.
The studies continue to show that the Omicron variant of coronavirus is milder than other strains and has a lower risk of hospitalization despite being more transmissible. This supports hopes that Omicron will have only short-lived and limited impacts on the economy in 2022.
However, the White House’s chief medical advisor Dr. Anthony Fauci told ABC News on Sunday that the U.S. should start focusing on hospitalizations rather than the daily number of cases. He warned that even though Omicron causes less severe illness, the large number of cases might still put pressure on the country’s hospital system.
Investors also continued to watch developments around President Biden's Build Back Better Act. According to the latest reports, the Senate majority leader Chuck Schumer wants to bring the bill for a vote early this year, but the Democrats currently do not have enough votes to pass it.