Forex Today: Dollar post modest gains in dull trading journey
|Here is what you need to know on Thursday, December 19th:
- Majors fluctuated within familiar levels, as also sentiment seesawed between positive and negative. There were no fresh news related to the US-China trade deal, neither related to Brexit. Holiday’s mood exacerbated rate trading.
- The American dollar edged higher, particularly against its European rivals. The EUR/USD settled around 1.1110, while the GBP/USD broke below 1.3100.
- US Treasury yields reached fresh weekly highs, but Wall Street barely advanced. Both underpinned USD/JPY, which anyway remains below its December high at 109.72.
- Crude oil prices jumped following the release of US weekly stockpiles figures, as oil stocks in the country declined by 1.1% in the week ending December 13.
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