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Dollar Weakening On Holiday Volume; Lack of Major News Events

The U.S. Dollar backed off a 3-month high overnight as volume began to dry up ahead of this week’s Christmas holiday. The relatively empty economic calendar along with holiday volume has the potential to create volatile trading conditions.

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Votes:6
Views:127

Lack of Economic Reports Shifts Focus to the Dollar

The lack of economic reports today is shifting the focus by U.S. equity traders to the U.S. Dollar. The prospect of the Fed keeping interest rates low for a “prolonged period” of time is helping to boost stock prices overnight as investors continue to treat the Dollar as a carry currency.

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