The aussie eases as Wall Street trims intraday gains, still supported by firmly bullish base metal. Record highs in copper and rising gold underpin the commodity-linked currency.
The EUR/USD pair topped at 1.2177 before retreating, as the greenback remains the weakest currency across the FX board. A scarce macroeconomic calendar kept major pairs within limited intraday ranges.
For the dollar, that light at the end of the tunnel turned out to be a truck roaring at full throttle to run it down. The news of coronavirus vaccines sent stocks higher and the safe-haven dollar lower. Alongside decisive US elections and later some fiscal stimulus, there was no need to run for shelter, and the dollar suffered.
XRP price shows a consolidation in play that could lead to a new yearly high. The recent recovery from the dip into the demand zone suggests the presence of strong buyers.
SafeMoon price shows a massive rally that pushed it to the recent local top. However, the inability of the buyers to propel it past this crucial level might lead to a pullback.