EUR/USD pares daily losses around 1.1320, despite fading bounce off intraday low, during the early Friday morning in Europe. In doing so, the major currency pair remains inactive amid a lack of major data/events and mixed catalysts as traders brace for 2022.
Alike other major currency pairs, GBP/USD also treads water around 1.3500 heading into Friday’s European session. In doing so, the cable pair seesaws near the highest levels in seven weeks amid a lack of major data/events.
USD/JPY bounces off intraday low to 115.05 as bulls take a breather during Friday’s Asian session, after a two-day run-up to refresh the monthly peak.
AUD/USD seesaws around 0.7255 after China released upbeat official PMI data for December during early Friday. Even so, mixed sentiment and off in major Asia-Pacific markets restrict the Aussie pair’s latest moves.
The NZD/USD pair lacked any firm directional bias on Friday and remained confined in a range, around the 0.6825 – 0.6830 region through the early European session.
USD/CAD remains on the back foot for the third consecutive day, taking offers around 1.2730 to refresh multi-day low during the early Friday morning in Europe.
USD/remains down for the fifth consecutive day, lackluster around 0.9140 of late, while testing the seven-week low.
WTI defends $76.00 during a corrective pullback from intraday low amid Friday’s sluggish Asian session. Even so, the energy benchmark portrays mild losses while justifying the technical details and paying a little heed to China PMI, as well as a few geopolitical catalysts. Year-end liquidity crunch, off in multiple markets to restrict intraday move.
Gold price is hovering near the fresh monthly high of $1,820 on the final trading day of 2021. The market mood remains cautious, underpinning the US dollar. However, gold bulls remain undeterred, thanks to the recent correction in the Treasury yields.
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