Dollar weakens into Christmas after exceptional year

After a poor week long showing of the dollar this week, it worsened today Thursday, which is the Christmas eve, with a 0.5 % fall against the euro and yen showing little sign of the anticipated strength predicted by many banks in 2016.
While maintaining the course of an overall 10 percent gain this year, the dollar is 2.3% down against the yen and nearly 4% against the euro in December, the latter is as a result of the European Central Bank decision that added lower than the anticipated monetary stimulus.
In an outlook of 2016, most major bank analysts predict a dollar rise, but the moves forecast are much smaller than a year ago, with less consensus on the currencies it can rise against.

AVA Trade
Trade With Confidence
Award-winning innovative broker. Segregated accounts with leading international banks.+200 financial instruments for trading.
XM
$30 No Deposit Bonus
Open an XM Zero account and trade with spreads as low as 0! Average EUR/USD spread 0.1
eToro Social Trading
Copy Successful Traders
Automatically copy leading traders in eToro community. Expert trader? get copied yourself to earn a second income!

Leave a Reply

You must be logged in to post a comment.