Markets are generally thin today and can expect liquidity to dry up later in the day ahead of and following the Christmas holiday. Equity and bond markets are closed today in observation of the Christmas holiday following S&P’s close at an all-time high yesterday. In Covid news, the FDA approved both the Merck and Pfizer Covid pill as a treatment for those high at risk.
But I heard him exclaim, ere he drove out of sight—
“Happy Christmas to all, and to all a good night!”
December 24, 2021
EUR/USD 1.1320 GBP/USD 1.3408 USD/CAD 1.2805 AUD/USD 0.7230 USD/JPY 114.37 USD/CNH 6.3727 USD/ILS 3.1547 USD/MXN 20.5775 USD/CHF 0.9185 USD/INR 75.0150 USD/BRL 5.6775 USD/SGD 1.3565 USD/DKK 6.5675 USD/SEK 9.1045 USD/NOK 8.8260
The Dollar Index (DXY) bounced off one week lows to pause a four-day decline amid thin Christmas trading conditions. US data out yesterday failed to give much direction to the dollar despite the upbeat releases.GBPThe pound is virtually unchanged and holds onto yesterday’s 0.45% advance versus the dollar. UK reported a record high number of Covid cases yesterday and many industries are facing staff shortages due to positive cases.EUREuro holds above the 1.1300 handle, mostly unchanged from yesterday in thin holiday trading.CAD
The Canadian dollar slid for the first session in four snapping the longest winning streak for the loonie in a month.ASIA/PACIFIC
USDJPY trading is rangebound amid light year-end liquidity conditions, however, risk-on fundamentals support the pair’s move higher.
President Biden signed a bill yesterday preventing importation of goods from China’s Xinijang region in the biggest move to punish China for human rights violations and abuses in the region.
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