The U.S. dollar closed on Friday with some gains although there were no major economic releases scheduled. The U.S. House is expected to vote on the tax bill on Tuesday which will potentially bring out the much anticipated tax cut proposals. The deal is expected to lift the sentiment in the U.S. dollar as the markets head into the holiday season.
Looking ahead, the economic calendar for today is light. The Eurozone final inflation figures will be coming out. Eurozone inflation is expected to remain steady at 1.5% while core inflation is expected to rise 0.9% as per the initial estimates.
The U.S. trading session is quiet with only the NAHB housing market data on the agenda.
