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Year End Session

FOREX

A weaker greenback heading into month-, quarter-, year-end is the main driver of price action again, expect thin volumes and sparse news flow with many markets including Japan and South Korea closed today.

  • Commodity currencies gained on higher agricultural prices and a rebound in oil. AUD/USD has managed to rise above the 0.77 handle in early Asia, last up 19 pips at 0.7704. The pair hasn't seen these levels since April 2018
  • The pound climbed after the Brexit deal received approval from lawmakers in the UK, clearing another hurdle ahead of the deal becoming law. GBP/USD last up 19 pips at 1.3644.
  • In China December manufacturing PM came in slightly below estimates at 51.9 and down from 52.1 in November, non-manufacturing PMI falls to 55.7 from 56.4. Elsewhere the EU and China announced initial political approval of an agreement to open the Chinese market further to EU investors. USD/CNH is holding lower after another stronger fix for the yuan, last at 6.5053, above yesterday's session lows of 6.5062.
Energy BulletsCommodities
Energy BulletsCommodities

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