USD Dollar (USD)

The Dollar was mixed versus the majors gaining versus the Euro and the Yen and weakening versus the Pound. Weekly unemployment claims came out better than expected with 432K, showing the U.S employment slump is ending. Light end of the year trading caused abnormal movements in the markets led by speculations. NASDAQ and Dow Jones declined by -0.97% and -1.14% respectively. Crude remained unchanged closing at 79.49$ a barrel and Gold (XAU) gained by 0.28% closing at 1096.35$ an ounce. Today, ISM Manufacturing PMI is expected stronger with 54.1 versus 53.6 prior.


The Euro weakened versus the Dollar after better than expected unemployment claims in the U.S increased speculations a rate hike will happen in the Dollar soon. Overall, EUR/USD traded with a low of 1.4303 and a high of 1.4440. EUR/USD has been unable to cross above 1.4450 due to sellers' pressure and light volume and it is heading lower to the 1.42 support level. Today, Final Manufacturing PMI is expected unchanged with 51.6 and Italian Prelim CPI is expected unchanged with 0.1%.

EUR/USD - Last: 1.4325









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