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Here is what you need to know on Monday, December 16: Market participants gear up for a critical week that will feature several major central banks’ last policy meeting of the year. Ahead of these key events, flash Manufacturing and Services Purchasing Managers Index (PMI) data for December from Germany, the Eurozone, the UK and the US will be watched closely by investors on Monday. The US Dollar (USD) Index benefited from rising Treasury bond yields and the cautious market mood, gaining nearly 1% in the previous week. Early Monday, the USD Index fluctuates in a tight range below 107.00. The US economic calendar will also offer NY Empire State Manufacturing Index data for December. On Wednesday, the Federal Reserve (Fed) will announce monetary policy decisions and publish the revised Summary of Economic Projections (SEP) following its two-day meeting. US Dollar PRICE Last 7 days The table below shows the percentage change of US Dollar (USD) against listed major currencies last 7 days. US Dollar was the strongest against the Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD 0.51% 0.85% 2.52% 0.49% 0.30% 1.09% 1.40% EUR -0.51% 0.36% 2.15% 0.07% -0.12% 0.66% 0.97% GBP -0.85% -0.36% 1.59% -0.28% -0.47% 0.31% 0.60% JPY -2.52% -2.15% -1.59% -2.01% -2.09% -1.52% -1.03% CAD -0.49% -0.07% 0.28% 2.01% -0.15% 0.59% 0.89% AUD -0.30% 0.12% 0.47% 2.09% 0.15% 0.79% 1.08% NZD -1.09% -0.66% -0.31% 1.52% -0.59% -0.79% 0.28% CHF -1.40% -0.97% -0.60% 1.03% -0.89% -1.08% -0.28% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal…