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FOREX: G10 Moderately Stronger Against US Dollar

FOREX
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G10 currencies are all higher against the US dollar but moves are moderate in still holiday-affected light trading. The news flow has also been thin. The USD BBDXY index is off its intraday low but still down 0.1%. 

  • Kiwi has seen the largest move with NZDUSD up 0.2% to 0.5605, close to the intraday high of 0.5608.
  • AUDUSD is 0.1% higher at 0.6211 after outperforming the G10 on Thursday, despite weaker iron ore prices. AUDNZD is slightly lower at 1.1083.
  • USDJPY has range traded and is currently down 0.1% to 157.37 after a low of 157.18 earlier. Japan was closed again today.
  • Europe struggled against the greenback on Thursday but is slightly stronger so far today. GBPUSD is up 0.1% to 1.2394 and EURUSD slightly higher at 1.0269 leaving EURGBP down 0.1% to 0.8285 and EURNOK -0.1% to 11.69.
  • APAC equities are mixed with the KOSPI +2.3% but CSI 300 down 0.1%. The S&P e-mini is 0.2% higher. Oil prices are moderately higher with WTI up 0.4% to $73.40. Copper is flat and iron ore down below $99/t.
  • Later the Fed’s Barkin and ECB’s Lane speak and US December manufacturing ISM, German December unemployment and UK November lending data are released.  
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G10 currencies are all higher against the US dollar but moves are moderate in still holiday-affected light trading. The news flow has also been thin. The USD BBDXY index is off its intraday low but still down 0.1%. 

  • Kiwi has seen the largest move with NZDUSD up 0.2% to 0.5605, close to the intraday high of 0.5608.
  • AUDUSD is 0.1% higher at 0.6211 after outperforming the G10 on Thursday, despite weaker iron ore prices. AUDNZD is slightly lower at 1.1083.
  • USDJPY has range traded and is currently down 0.1% to 157.37 after a low of 157.18 earlier. Japan was closed again today.
  • Europe struggled against the greenback on Thursday but is slightly stronger so far today. GBPUSD is up 0.1% to 1.2394 and EURUSD slightly higher at 1.0269 leaving EURGBP down 0.1% to 0.8285 and EURNOK -0.1% to 11.69.
  • APAC equities are mixed with the KOSPI +2.3% but CSI 300 down 0.1%. The S&P e-mini is 0.2% higher. Oil prices are moderately higher with WTI up 0.4% to $73.40. Copper is flat and iron ore down below $99/t.
  • Later the Fed’s Barkin and ECB’s Lane speak and US December manufacturing ISM, German December unemployment and UK November lending data are released.