The Eurodollar lost a little ground in a week without any major price movements for the pair, as traders looked ahead to next month’s inauguration of President Trump.
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 market participants 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 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 amid further commitment to economic stimulus from the Chinese government, while US inventories fell, suggesting rising US demand for ‘black gold’.