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Dear traders,
Majors closed the day mixed, with the European currencies being the worst performers against the greenback. The EUR/USD pair extended its retracement from the multi-month high of 1.2008 to trade as low as 1.2003 early US session, to finally settle around 1.2015. The American dollar found some demand ahead of the US opening, helped by the release of some solid local data, as the ISM manufacturing PMI for December, came in at 59.7, well ahead of the 58.2 figure for November, also beating market's expectations of 58.1. Construction spending also rose in the US by more-than-anticipated in November, up 0.8%. The macroeconomic day ended with the release of FOMC's Meeting Minutes, which brought nothing new to the table, with most officials backing gradual rate hikes. The greenback gained a few pips after the release but were surely not a game changer.
Good trading!
Majors closed the day mixed, with the European currencies being the worst performers against the greenback. The EUR/USD pair extended its retracement from the multi-month high of 1.2008 to trade as low as 1.2003 early US session, to finally settle around 1.2015. The American dollar found some demand ahead of the US opening, helped by the release of some solid local data, as the ISM manufacturing PMI for December, came in at 59.7, well ahead of the 58.2 figure for November, also beating market's expectations of 58.1. Construction spending also rose in the US by more-than-anticipated in November, up 0.8%. The macroeconomic day ended with the release of FOMC's Meeting Minutes, which brought nothing new to the table, with most officials backing gradual rate hikes. The greenback gained a few pips after the release but were surely not a game changer.
Good trading!
