Greenback eases as sentiment improves

The US dollar came under pressure on Wednesday, with the EURUSD pair climbing back toward the 1.22 level. 

The situation is slowly improving in the EU as truck drivers should be able to start leaving Britain for France on Wednesday after Paris lifted a partial blockade designed to stop the spread of a new highly infectious coronavirus variant.

Yesterday, investors paid attention to some US macro numbers today. The headline Conference Board Confidence index plunged from 96.1 (which was downwardly revised to 92.9) to 88.6 (a big miss from the 97.0 expected).

Later in the day, the Michigan consumer sentiment index for December is due, along with new home sales. 

US stock markets slid yesterday, but that is already forgotten, and the dip was quickly bought. EU indices were up Tuesday and are continuing to climb today. 

Precious metals plunged yesterday, but they are correcting the losses today. Silver is up 1.5% near 25.50 USD, and gold was last seen half a percent stronger at around 1,870 USD.

Source: https://www.axiory.com/market-news/greenback-eases-as-sentiment-improves