Forex Today: Dollar wins but cautious prevails

FXStreet Team FXStreet

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.

Author

FXStreet Team

FXStreet

EUR/USD turns negative near 1.1850

EUR/USD has given up its earlier intraday gains on Thursday and is now struggling to hold above the 1.1850 area. The US Dollar is finding renewed support from a pick-up in risk aversion, while fresh market chatter suggesting Russia could be considering a return to the US Dollar system is also lending the Greenback an extra boost.

GBP/USD change course, nears 1.3600

GBP/USD gives away its daily gains and recedes toward the low-1.3600s on Thursday. Indeed, Cable now struggles to regain some upside traction on the back of the sudden bout of buying interest in the Greenback. In the meantime, investors continue to assess a string of underwhelming UK data releases released earlier in the day.