Forex Today: Markets choppy amid looming holidays
|Here is what you need to know on Friday, December 20th:
- The EUR/USD pair traded choppily, holding above 1.1100, with dismal US data capping the decline.
- The Sterling plummeted sub 1.3000 amid persistent concerns about Brexit. UK Retail Sales missed the market’s expectations, the BOE left the monetary policy unchanged. This Friday, UK PM Johnson will submit his Withdrawal Agreement Bill to the House of Commons and is expected to pass comfortably after Johnson’s victory last week.
- Safe-haven assets appreciated mid-US afternoon, despite Wall Street rallying to record highs. Yen and gold eased modestly ahead of the close, but hold on to daily gains against the greenback.
- Crude oil prices continued rallying, WTI settled at $61.00 a barrel.
- Crypto Today: Rallies continue to be sold
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