Forex Today: Dollar wins but cautious prevails
|Here is what you need to know Tuesday, November 26th:
- The greenback was the best performer, appreciating against most major rivals on the back of encouraging US-China trade-related headlines. EUR/USD barely holding above 1.1000 as the German IFO survey showed that expectations remain subdued.
- The Sterling was an exception, rallying on weekend polls, indicating that Conservatives lead surveys ahead of December’s election. The advantage narrowed to 7% according to an ICM/Reuters survey, liming pound’s bullish scope.
- Save-haven assets and commodity-linked currencies suffered the most. USD/JPY flirting with 109.00.
- Gold fell to $1,455.00 a troy ounce, crude oil prices edged marginally lower.
- Cryptocurrencies trimmed early losses, ended the day with modest gains.
- Equities closed in the green worldwide, although US Treasury yields were pretty much unchanged, somehow hinting a prevalent cautious stance.
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