What you need to know on Thursday, December 30:
The dollar swung between profit and loss, rising during the European session and then lower during US trading hours As traders prepare to close their yearly books, major pairs saw some action for the first time this time. week.
The EUR / USD pair fell to 1.1279 and then rebounded to 1.1368, staying between the monthly extremes. The pound rallied, with GBP / USD touching 1.3499 before losing some ground.
Commodity currencies also rose against the dollar, with AUD / USD trading around 0.7250 and USD / CAD hovering around 1.2800. The USD / JPY pair is currently pressing the 115.00 level.
Gold tumbled to $ 1,789.38 a troy ounce, but managed to rally later in the day, to around $ 1,804.
Crude oil prices rose to fresh monthly highs following encouraging news related to stocks. The API report recorded a draw of 3.09 million barrels, while the EIA reported that US crude inventories fell about 3.6 million in the week ending December 24.
European and Asian indices closed lower, but Wall Street managed to post some tepid gains. Yields on government bonds recovered, and those on the 10-year Treasury reached 1.55%.
The number of coronavirus infections in Europe and the US continues to hit record highs on a daily basis, posing a risk to economic progress.
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