As the year near to an end, currency markets continue to trade within a narrow range ahead of the holiday season and low volumes feature the trading session at this time of the year.
So far, eyes are still locked on the latest developments from the euro area amid lack of economic reports from the world largest economy, while markets await the EU finance minister meet this week to seek an additional IMF funding-package of as much as 200 billion euros to fight the debt crisis.
Meanwhile, the U.S dollar tumbled versus six other major currencies, including the Euro, the British Pound and The Japanese Yen, where dollar index eased to 80.26 after opening at 80.38 levels, while recording its highest at 80.49 and lowest at 80.12.
While Gold dropped to reach $1592.22 an ounce, after opening at $1603.60 levels and Crude oil prices steadied around $93.31 a barrel from the opening price of $93.79.
The euro chilled against the US dollar today, after the EUR/USD pair started trading at $13035 levels and recorded its highest at $1.3044 and lowest at $1.2981 to currently trade around $1.3013, there, he pair seeks to breach the next support level at $1.3000, but the key resistance remains at $1.345.
The Aussie steadied versus the US dollar today, after the GBP/USD pair began trading at $1.5544 levels and recorded its highest at $1.5544 and lowest at $1.5463, to currently trade around $1.5525, the pair currently seeks to breach the key support level at $1.5515, and if so, the next support level will be at $1.5420 and the key resistance level will become at $1.5515, but so far, the key resistance level stays at $1.5560.
Finally, the Japanese Yen bounced up versus the US dollar on Monday, after the JPY/USD pair opening at ¥77.80 and recorded its highest at ¥78.16 and lowest at ¥77.87, to currently trade around ¥77.98, thus, the pair will be locked within ¥78.10 resistance levels and ¥77.60 support levels.