Here is what you need to know on Tuesday, December 31, New Year's Eve:
The US dollar remains on the back foot amid end-of-year positioning and optimism about a Sino-American trade deal. Liu He, China's top trade negotiator, will reportedly visit Washington over the weekend to sign the accord. Both Washington and Beijing are optimistic.
EUR/USD is holding onto 1.12, and GBP/USD is shrugging off Brexit concerns and trades above 1.31.
AUD/USD stands out by topping 0.70 amid encouraging Chinese data. The official Purchasing Managers' Index for the manufacturing sector edged up to 50.2 with improvements in several components.
The US calendar features two house price indexes and the Conference Board's Consumer Confidence gauge for December, which is expected to rise. Monday's mostly upbeat figures, such as a narrower trade deficit, failed to help the greenback.
Oil prices are consolidating around their highs with WTI trading above $61, and Gold is on course to end the year around $1,520.
Cryptocurrencies are stable, with Bitcoin trading above $7,200.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.