FXstreet.com (London) - Dollar has again traded without significant moves in the majors. Minimal inflows to market, have meant some swingy moves, but no significant trends of major corrections across the currency market this Christmas.
Investors will be devising new strategies and entry points for 2010, looking to capitalise on the global developments as we attempt to dig ourselves out of recession and indeed to avoid those much feared words 'double-dip'. Oil traded firm, this session, but will also be a key theme of 2010, with political strife and terrorism in many middle-east oil-rich countries coming to a head. Alternative energies as such, will also be a theme.
The summary picture of the major Dollar pairs as we approach the close look like this: EUR/USD 1.4367/68 (+0.21%), Swissy 1.0349/50 (-0.15%), Cable 1.6080/88 (+0.02%), USD/JPY (unch).
Soft trade seems set to continue in London and US later today in subtended sessions.