Here is what you need to know on Wednesday, December 11: The US Dollar stays resilient against its major rivals early Wednesday, with the USD Index holding comfortably above 106.00. The US Bureau of Labor Statistics will publish the Consumer Price Index data for November. Additionally, the Bank of Canada will announce monetary policy decisions following the last meeting of the year.
7% on a yearly basis in November, coming in above the market expectation of 3.4%. After closing in the green on Monday and Tuesday, USD/JPY edges lower and trades near 151.50 on Wednesday. Gold preserved its bullish momentum following Monday's rally and registered strong gains on Tuesday. After testing $2,700 in the Asian session on Wednesday, XAU/USD corrected lower and was last seen trading at around $2,690.