Forex news for Nov 26 in North America:
- Headlines from the Putin/Hollande meeting on Syria
- October 2015 French jobseekers 3589.8k vs 3547.8k exp
- EU's Moscovici says that some decisive Greek reforms are needed now
- Belgian authorities investigating suspect package delivered to mosque
- Saudi's want oil at $60-80 - FT
- Gold up $1 to $1072
- WTI crude down 53-cents to $42.50
- S&P/TSX up 0.13%
- JPY leads, USD lags
There was no love for the US dollar on Thanksgiving as it drifted lower.
EUR/USD losses came at the end of Asia-Pacific trading. Late in Europe it climbed back to 1.0620 from close to the figure but drifted back down to 1.0606 at day's end.
USD/JPY took two runs at 122.50 but bids there held both times and it bounced to 122.60.
Cable was more active as it caught an upswing to 1.5120 and peaked at the end of European trading behind a steady London bid. Once UK traders went home, it drifted down to 1.5090.
USD/CAD trading was light but the US dollar was lower despite a decent-sized decline in oil. The pair finished near the lows of the day at 1.3288 from as high as 1.3320.
AUD/USD was hit hard by capex numbers in Asia in a 40 pip fall to 0.7220 but was lightly bid in North American trading up to 0.7230.
All and all, there is rarely much to learn from the market moves in holiday trading.