The US dollar is higher against most major pairs on Tuesday. The Canadian dollar is an outlier as it gained 0.17 percent versus the greenback ahead of the Bank of Canada (BoC) rate statement. The Canadian central bank has divided analyst as is expected to hold rates even if an interest rate hike would not be a total surprise. The BoC was expected to hike a couple of times in 2019, specially after staying put in December while the Fed lifted American rates. The volatile end of the year and the rocky start to this one has changed Fed monetary policy expectations and its anticipated Governor Poloz waits until there is less uncertainty on trade and oil prices before seeking normalization.

Canadian trade deficit widened in November

BoC to hold rates at 1.75 percent

Fed Minutes from December FOMC to be published

Dollar Looking for Economic Guidance Ahead of Busy Week**

The US dollar is mixed against most major pairs on Monday after the G20 meeting in Argentina.

Presidents Donald Trump and Xi Jinping reached a ceasefire in the trade dispute between their two nations. The US will no longer add any sanctions to Chinese goods in the next 90 days.

Markets were boosted by the news and equities advanced as growth estimates have been lowered if a trade war were to continue between the two economies.

The greenback fell across the board on Wednesday after the market took the comments from Fed Chair Powell on interest rates to mean less rate hikes from the central bank.

The minutes form the November Federal Open Market Committee (FOMC) showed all members are onboard with more rates hikes coming "very soon" but the dovish narrative was in full force and the dollar only partially recovered to end up slightly higher against major pairs on a weekly basis.

OANDA Market Beat Podcast is a discussion of upcoming market news macro analysis and economic indicator releases that will impact currencies, stocks and other asset classes with Alfonso Esparza.

The dollar was higher on Friday against most major pairs and is mixed on Monday as US traders got back in action after the Thanksgiving holiday.

The greenback gained the most against the EUR as disappointing PMI surveys and the uncertain future of the Brexit deal ahead of the weekend took its toll on the single currency.

Oil prices tumbled as fears of oversupply put losses at more than 11 percent despite the best efforts of the Organization of the Petroleum Exporting Countries (OPEC) to once again stop the decline with a probable production cut agreement.

Global growth concerns are reducing expectations of energy demand with the trade war between the US and China a growing concern ahead of the G20 meeting in Argentina later this month.

OANDA Market Beat Podcast is a discussion of upcoming market news macro analysis and economic indicator releases that will impact currencies, stocks and other asset classes with Alfonso Esparza.

OANDA Market Beat Podcast is a discussion of upcoming market news macro analysis and economic indicator releases that will impact currencies, stocks and other asset classes with Alfonso Esparza.

OANDA Market Beat Podcast is a discussion of upcoming market news macro analysis and economic indicator releases that will impact currencies, stocks and other asset classes with Alfonso Esparza.

OANDA Market Beat Podcast is a discussion of upcoming market news macro analysis and economic indicator releases that will impact currencies, stocks and other asset classes with Alfonso Esparza.

OANDA Market Beat Podcast is a discussion of upcoming market news macro analysis and economic indicator releases that will impact currencies, stocks and other asset classes with Alfonso Esparza.

OANDA Market Beat Podcast is a discussion of upcoming market news macro analysis and economic indicator releases that will impact currencies, stocks and other asset classes with Alfonso Esparza.

The US dollar is weak across the board versus major pairs on Monday. The release of US September retail sales data was lower than expected and it dented the greenbacks chances of recovery.

US consumers did not show up as analysts had estimated, in particular at the food service sector.

Core retail sales actually shrank 0.1 percent against a forecast of 0.4 percent expansion.

US stocks were also lower on Monday and did not offer support to the US currency.

A sell off in global equities has boosted gold as a safe haven as investors seek safety as volatility rises.

The Fed continues to be optimistic and breaking with tradition has not issued any statements on the economy as markets still trade lower.

Inflation data underperformed last week and this week its the turn of retail sales.

The two have often stopped dollar rallies on their tracks.

Employment had also a softer headline in October so the greenback is under pressure as fundamental data has disappointed.

China-US relations have not improved and geopolitical concerns rose when Saudi Arabia issued strong statements over comments on the disseverance of a journalist.

Oil prices have been caught between a growth forecast downgrade by the International Monetary Fund (IMF) and supply concerns in the aftermath of the Iran sanctions.

OANDA Market Beat Podcast is a discussion of upcoming market news macro analysis and economic indicator releases that will impact currencies, stocks and other asset classes with Alfonso Esparza.

The USD dollar is lower after a inflation indicator miss is raising concerns about a December rate hike. Comments from US President Donald Trump on the Fed's monetary policy decisions are also putting downward pressure on the currency. Oil and gold are diverging as energy is falling, while safe haven flows are pouring into the yellow metal.