The Greenback added to recent gains amid rising yields and intense caution ahead of the release of the US inflation figures gauged by the CPI on Wednesday.
Here is what you need to know on Wednesday, December 11:
The US Dollar Index (DXY) advanced for the third consecutive day, extending the move past the 106.00 barrier prior to the release of crucial US CPI data on Wednesday. The US Inflation Rate would be the salient event in the FX galaxy, seconded by the weekly MBA Mortgage Applications as well as the EIA’s weekly report on US crude oil inventories.
EUR/USD added to weekly losses and briefly breached the 1.0500 support to reach new four-day lows. Next on tap in the euro docket will be the ECB gathering on December 12.
GBP/USD maintained its bullish bias, adding to Monday’s advance and revisiting the 1.2780 zone. The RICS House Price Balance comes next across the Channel on December 12.
USD/JPY’s upside impulse picked up extra pace and reclaimed the area beyond the 152.00 barrier, challenging at the same time the key 200-day SMA. Japan’s Producer Prices, the Reuters Tankan Index and the BSI Large Manufacturing index will be published.
AUD/USD remained well on the defensive below the 0.6400 support as investors assessed the dovish tilt at the RBA’s meeting. All the attention will be on the release of the Australian labour market report on December 12.
Prices of WTI extended the auspicious start to the week and advanced above the $69.00 mark per barrel as traders continued to digest fresh stimulus in China and potential supply concerns in Europe.
Prices of Gold rose further and printed new two-week highs just below the key $2,700 mark per troy ounce ahead of US CPI data. Silver prices added to Monday’s strong advance, remaining close to the $32.00 mark per ounce.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks

Gold hovers around all-time highs near $3,250
Gold is holding steady near the $3,250 mark, fuelled by robust safe-haven demand, trade war concerns, and a softer-than-expected US inflation gauge. The US Dollar keeps trading with heavy losses around three-year lows.

EUR/USD retreats towards 1.1300 as Wall Street shrugs off trade war headlines
The EUR/USD pair retreated further from its recent multi-month peak at 1.1473 and trades around the 1.1300 mark. Wall Street manages to advance ahead of the weekly close, despite escalating tensions between Washington and Beijing and mounting fears of a US recession. Profit-taking ahead of the close also weighs on the pair.

GBP/USD trims gains, recedes to the 1.3050 zone
GBP/USD now gives away part of the earlier advance to fresh highs near 1.3150. Meanwhile, the US Dollar remains offered amid escalating China-US trade tensions, recession fears in the US, and softer-than-expected US Producer Price data.

Bitcoin, Ethereum, Dogecoin and Cardano stabilze – Why crypto is in limbo
Bitcoin, Ethereum, Dogecoin and Cardano stabilize on Friday as crypto market capitalization steadies around $2.69 trillion. Crypto traders are recovering from the swing in token prices and the Monday bloodbath.

Is a recession looming?
Wall Street skyrockets after Trump announces tariff delay. But gains remain limited as Trade War with China continues. Recession odds have eased, but investors remain fearful. The worst may not be over, deeper market wounds still possible.

The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.