US Dollar Weakens Ahead of US Inflation Data

The US dollar's outlook is uncertain as higher volatility is expected this week due to several risk events on the economic calendar. The focus will be on the November US inflation report, which will be released on Tuesday. The outcome of the report will impact interest rate expectations and could lead to a repricing of the US dollar. Technical analysis suggests that EUR/USD may face further weakness, while USD/JPY could rebound and GBP/USD may continue its downward trend.