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Forex news for Asia trading
for Thursday
24
December 2020
The headline to the post
pretty much sums up the session here, there was a drip-feed of Brexit
trade deal headlines, none of which had much substance but put
together they provided a bit of hope that a deal is close. Its best
to bear in mind that the one (European) official who specifically
mentioned a deal said it was not yet finalised. Otherwise it was news
of meetings to come and announcements to be made.
For
the currencies GBP was a beneficiary, and as I update its testing
1.3560 against the dollar. EUR/USD is encountering some two-way (in
thinner than normal trading conditions as interbank begin to pull the
pin (that’s code for go to the pub) for the holiday) around its US
time high.
Overall
the USD has lost a little ground across the board in small ranges.
And
that’s it for me, Justin will be along soon to usher us all through
the
European time. Have a very Merry Christmas everyone!