The biggest risk of all is not taking one.
The single currency climbed to $1.2167, awaiting the Federal Reserve which is set to announce its final decision of the year and markets are watching changes in its bond-buying scheme amid the recent virus surge and economic slowdown.
The pound rocketed to $1.3490 as markets grew more optimistic a Brexit deal would be reached, even as implied volatility gauges pointed to further price swings ahead of the Dec. 31 deadline.
The Japanese Yen soared to 103.40 against the dollar amid market is waiting for Top U.S. congressional leaders to finalize $1.4 trillion in spending and end a standoff on coronavirus relief.
The Aussie vaulted to $0.7565 ahead of local government its mid-year fiscal review on Thursday, which is expected to show some improvement in the budget deficit.
The South African rand pierced to 14.85 per dollar although South Africa's President Cyril Ramaphosa announced a further tightening of COVID-19 restrictions, citing a spike in infections since the start of December, but stopped short of reinstating a hard lockdown.
The dollar-rupee inched higher by 3 cents to 40.03(selling) on the domestic market.
11:00 - GBP - CPI (YoY)(Nov)
12:30 - EUR - German Manufacturing PMI (Dec)
13:30 - GBP - Composite PMI
13:30 - GBP - Services PMI
13:30 - GBP - Manufacturing PMI
17:30 - USD - Core Retail Sales (MoM)(Nov)
17:30 - USD - Retail Sales (MoM)(Nov)
23:00 - USD - FOMC Economic Projections
23:00 - USD - Fed Interest Rate Decision
23:00 - USD - FOMC Press Conference