The dynamics of USD against most major currencies is ambiguous. During the Asian session, USD is rising against EUR, JPY, and GBP but declining against AUD. Due to the lack of significant macroeconomic releases in the United States and the early closure of many European and Asian stock exchanges, the movement of USD against the other currencies will be primarily technical.
During the Asian session, the EUR/USD pair is falling and reached 1.1427. As there is a lack of significant macroeconomic releases in EU and the US, the movement of the EUR/USD pair will be influenced by technical factors.
After active growth on Friday, the GBP/USD pair was corrected downwards and consolidated around the level of 1.2687. Today, UK banks and exchanges will close at 12:30 (GMT+2), therefore, the lower volatility of the GBP/USD pair is predicted.
As there is a lack of significant releases in the US and a holiday in Japan, the USD/JPY pair is consolidating around the level of 110.35.
The AUD/USD pair is growing moderately and during the Asian session, it rose to the level of 0.7057. November Private Sector Credit release published at night decrease to 0.3% from 0.4% a month earlier but could not affect AUD negatively.
Due to the low trading activity, gold prices are moving within the narrow range of 1280.38–1277.24.
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