2025.12.1502:00:18UTC+00Dollar Holds Losses Ahead of Data Releases

The dollar index remained steady at approximately 98.4 on Monday, following a three-week decline, as investors geared up for significant US economic data releases postponed by the recent government shutdown. Scheduled for release on Tuesday are the November nonfarm payrolls and October retail sales figures, with the November consumer price index to follow on Thursday. In the previous week, the Federal Reserve reduced interest rates by 25 basis points, indicating a trajectory less aggressive than what the markets had expected. Cleveland Federal Reserve President Beth Hammack expressed a preference for slightly more restrictive rates to manage inflation effectively, whereas Chicago Fed President Austan Goolsbee predicted more interest rate cuts in 2026 than anticipated by his colleagues. In addition, President Donald Trump mentioned on Friday his consideration of appointing either former Fed Governor Kevin Warsh or economic advisor Kevin Hassett to head the central bank in the coming year.