The U.S. markets are closed today as a result of the Thanksgiving Holiday, yet despite the lack of economic data in the U.S. economy, we see that the markets are calm while The Dollar Index, which usually measures strength of the dollar versus six major currencies, is currently climbing as it is traded at 75.54 while recording a high of 74.68 and a low of 74.16.
The euro zone today released its M3 money supply showing that they declined on the year and on the month and this meant that liquidity remains weak in the nation. The EUR/USD is being traded 1.5086 above the support of 1.5032 and below the resistance of 1.5142. The pair recorded a high of 1.5141 and a low of 1.5052.
The pound lost massive grounds in the markets as a result of a major government-owned investment company in Dubai wanting to postpone paying debt worth $35 billion, and since the Borse Dubai Ltd. is the biggest shareholder of London Stock Exchange Group Plc., caused investors to panic in the markets as they frantically sold the pound versus the dollar. The GBP/USD is being traded at 1.6568 between the support of 1.6528 and the resistance of 1.6605 while recording a high of 1.6724 and a low of 1.6499.
The yen climbed in the markets versus the dollar on anticipations that Japanese monetary officials will put up with a rising yen. This increased the appeal of the yen in the markets causing the USD/JPY is resume its decline, as it currently trades at 86.76 while recording a high of 87.47 and a low of 86.28. For the pair we see a support at 86.29 and a resistance at 87.51.