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USD: The Dollar is King to end the Year

USD
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  • The Dollar is mixed against G10 going into the last day of the Year, the Yen is up 0.35% and at the other end of the spectrum the Kiwi is down 0.28% at least for Today.
  • Overall the Dollar is king going into 2025, acted as a safer haven throughout the Year, and has also been supported as Desks look for Less cuts from the Fed with Donald Trump on the cusp of taking over the Presidency.
  • The biggest loser in G10 YTD is the Kiwi, down some 10.9% for that period, NZDUSD printed a 0.5608 low in December, which was its lowest printed level since October 2022.
  • For today, 0.5620 is holding, and market participants will be looking for initial support at 0.5600.
  • The NOK is the 2nd worst performer, down 10.26%, printed its lowest level in December since March 2020.
  • Main upside Psychological level is still at 11.50 in USDNOK, managed a 11.4769 high on the 20th December.
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  • The Dollar is mixed against G10 going into the last day of the Year, the Yen is up 0.35% and at the other end of the spectrum the Kiwi is down 0.28% at least for Today.
  • Overall the Dollar is king going into 2025, acted as a safer haven throughout the Year, and has also been supported as Desks look for Less cuts from the Fed with Donald Trump on the cusp of taking over the Presidency.
  • The biggest loser in G10 YTD is the Kiwi, down some 10.9% for that period, NZDUSD printed a 0.5608 low in December, which was its lowest printed level since October 2022.
  • For today, 0.5620 is holding, and market participants will be looking for initial support at 0.5600.
  • The NOK is the 2nd worst performer, down 10.26%, printed its lowest level in December since March 2020.
  • Main upside Psychological level is still at 11.50 in USDNOK, managed a 11.4769 high on the 20th December.