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US dollar strengthens into final hours of 2015

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 31, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Córdoba) - The US dollar strengthened across the board and climbed to session highs versus most competitors amid position adjustments before the year end, with moves exaggerated by low volume.

    EUR/USD broke below 1.0900 and dropped to a 10-day low of 1.0853, but found support ahead of the 50-day SMA. GBP/USD fell nearly 100 pips to a fresh 8-month low of 1.4733. USD/JPY fell to a low of 119.99 but was unable to confirm a break and recovered slightly. USD/CHF broke above the 50-day SMA and the parity level and reached a 3-week peak of 1.0019.

    AUD/USD and NZD/USD reversed early gains and returned to square one at 0.7280 and 0.6840 respectively. The Canadian dollar however was outperforming, with USD/CAD trading 0.35% lower around 1.3830.
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