US dollar trading lower as liquidity is thin heading into year end
The US dollar index traded at its weakest level in almost six months. The index has weakened 2.5% since the end of September and is set for its biggest quarterly loss since March 2018. An announcement from central bank in China stated that lenders need to adopt new loan pricing for all credit-supported risk sentiment.
Friday - US ISM Manufacturing
December 30, 2019
EUR/USD 1.1206 GBP/USD 1.3141 USD/CAD 1.3070 AUD/USD 0.6998 USD/JPY 108.929 USD/CNH 6.9807 USD/ILS 3.4550 USD/MXN 18.8716 USD/CHF 0.9689 USD/INR 71.3090
US dollar is trading as much as 0.3% lower at its weakest level in almost six months. Thin liquidity in the markets as we head into year end is creating exacerbated moves in the majors.GBPSterling is heading towards its best quarterly performance in a decade. GBP/USD is up as much as 0.4%, trading higher for a fifth day.EURThe euro strengthened for a fourth day, trading at its highest level since August 13. Bullish sentiment through options has supported the currencyCAD
The loonie is hovering around its strongest level since October as the US dollar continues to lose against its peers. The Canadian dollar is on track to end the year as the best performing G10 currency against the US dollar with gains of 4.4% year-to-date.ASIA/PACIFIC
The Japanese yen hit a two-week low at 109.07. The markets in Japan are closed from Tuesday through January 5 for the holidays. The kiwi hit a fresh five-month high trading up to 0.6999.