On the agenda today

Investors are in no hurry to make big bets. The renewed COVID restrictions in China influence their risk appetite. In addition to this, investors are currently waiting for the Fed minutes to be released. The results of the meeting will be available on Wednesday at 19:00 GMT.

Market participants expect the Fed to slow the pace of rate hikes. The Fed may come up with the decision to adjust the monetary policy stance soon, although these may be just hopes of market participants.

Wednesday will also see PMI (The Purchasing Managers' Index) data with preliminary November data for all the countries to be unveiled.  The UK and Eurozone data is likely to be the main focus.

Thus, the dollar rate may be influenced by different events, with gold stabilizing. 

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