- All three major U.S. stock averages higher
- US Dollar sinks to lowest since April 2018
- GBP/USD prints fresh 2020 highs in the 1.3620
- Stimulus check negotiations continue in Washington
- Commodities: Crude +0.68%, Copper -0.3%, Iron ore +0.61% Gold $1891/oz.
AUD/USD: 0.7646 – 0.7686 (highest since April 2018)
EUR/USD: 1.2253 – 1.2310
GBP/USD: 1.3530 – 1.3619
USD/JPY: 102.97 – 103.38
USD/CAD: 1.2750 – 1.2807
NZD/USD: 0.7176 – 0.7213
AUD/JPY: 78.91 – 79.39
AUD/NZD: 1.0654 –1.0675
The AUD/USD pair rose further during the American session and climbed to 0.7685, the highest since April 2018. As of writing, it remains near the top, holding a strong bullish tone supported by risk appetite and a weak US dollar.
Recent developments regarding the AstraZeneca/Oxford vaccine offset Senate Majority Leader Mitch McConnell's rejection of the new coronavirus stimulus plan. Main US stock indexes are heading toward another record close. Economic data from the US came in mixed and was mostly ignored by market participants. Home sales dropped 2.6% in November against expectations of a flat reading.
Expecting offers from 0.7700 and bids from the 0.7600/10 recent lows. Given the lightened liquidity, it wouldn’t surprise to see a break to the topside.
Event Risk Data Today
US – weekly jobless claims
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