Forex Today: Dollar’s weakness leads the way

FXStreet Team FXStreet

Here is what you need to know on Monday, December 30th:

The American dollar plunged in thin trading, extending its previous decline on the back of headlines indicating that the US and China are preparing a signing ceremony for phase one of the trade deal.
The EUR/USD neared 1.1200, while the GBP/USD briefly surpassed the 1.3100 mark, reaching two-week highs. Brexit concerns will son hit the Pound.
US equities hovered around their opening levels, ending the day mixed near record highs.
Gold consolidated gains above $1,500 a troy ounce.
Crude oil prices were down on Friday, despite US crude oil stockpiles fell by 5.4M in the week ended December 20. The commodity recovered some ground ahead of the close.
The Australian dollar remains the best performer, nears 0.7000 against the greenback.
Cryptocurrencies tried to recover some ground through the weekend, but thin volumes kept the advance in check. BTC/USD holds just above 7,000.00.

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FXStreet Team

FXStreet

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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