The dollar soared, in particular against the euro and the yen, as the Fed introduced its hawkish hike. A rate decision from Japan, GDP data from New Zealand, Canada and the US, as well as durable goods orders, stand out in the week leading to Christmas.
- German Ifo Business Climate: Monday, 9:00. Economists expect both the Brexit vote and Trump’s election will take their toll on the economy at a later stage. German business German business sentiment is expected to climb to 110.7 this month.
- Japan rate decision: Tuesday. The bank expects to reach its inflation target only at 2018.
- US Crude Oil Inventories: Wednesday, 15:30.
- New Zealand GDP: Wednesday, 21:45. New Zealand’s growth rate for the third quarter is estimated at 0.8%.
- US Durable Goods Orders: Thursday, 13:30. Economists expect core orders to climb 0.2% this time.
- US GDP data: Thursday, 13:30. US third quarter GDP is estimated to reach 3.3%.
- US Unemployment claims: Thursday, 13:30. New jobless claims are expected to reach 255,000 this week.
- Canadian GDP data: Friday, 13:30. Canadian GDP is expected to gain 0.1% in September.