The Eurodollar lost a little ground in a week without any major price movements for the pair, as market participants looked ahead to next month’s inauguration of President Trump with trade policies in mind.
The British pound edged higher to record a one week high in a week devoid of major data releases.
The USD/JPY climbed to a fresh five month peak as traders continued to doubt whether the Bank of Japan will raise interest rates in the coming months.
Gold prices inched lower in a holiday shortened week that saw little volatility or major geopolitical events for the precious metal.
Stock prices traded higher confirming what is known as the ‘santa claus’ rally, amid lighter trading during the Christmas week.
Crude oil prices rose to an almost ten day high as the Chinese government committed itself to further economic stimulus, while US inventories fell, suggesting rising demand for ‘black gold’.