| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 09:00 | Eurozone | Private Loans, Y/Y | October | 4.4% | | 4.2% |
| 09:00 | Eurozone | M3 money supply, adjusted y/y | October | 6.3% | 6.2% | 5.1% |
| 11:00 | United Kingdom | CBI retail sales volume balance | November | 18 | | -19 |
USD weakened again most of its major rivals in the European session on Monday, as longer-dated U.S. government bond yields declined, as reports about protests in China over the country's zero-COVID policy bolstered risk-off sentiment in the markets.
The U.S. Dollar Index (DXY), measuring the U.S. currency's value relative to a basket of foreign currencies, decreased by 0.60% to 105.32.
The yield on the benchmark 10-year U.S. Treasury note briefly dropped to 3.657, its multi-week low, as investors rushed into defensive assets, reacting to the worsening coronavirus situation in China, where fears about the response of the Chinese government to public protests against its strict coronavirus restrictions added to worries about rising infection rates.
In addition, markets took a cautious stance ahead of Wednesday’s speech of the Federal Reserve’s chair Jerome Powell and Friday's U.S. jobs report for November, which could provide clues on the outlook for further interest rate hikes in the U.S.