Forex trading Today: Greenback stays down on New Calendar year&#039s Eve amid trade hopes, one very last data issue eyed – FXStreet

Here is what you will need to know on Tuesday, December 31, New Year’s Eve:

The US dollar stays on the back foot amid finish-of-yr positioning and optimism about a Sino-American trade offer. Liu He, China’s prime trade negotiator, will reportedly visit Washington around the weekend to indication the accord. Both equally Washington and Beijing are optimistic.

EUR/USD is holding on to one.twelve, and GBP/USD is shrugging off Brexit fears and trades higher than one.31. 

AUD/USD stands out by topping .70 amid encouraging Chinese data. The official Obtaining Managers’ Index for the manufacturing sector edged up to 50.2 with advancements in many elements.

The US calendar functions two home selling price indexes and the Meeting Board’s Client Self esteem gauge for December, which is expected to rise. Monday’s typically upbeat figures, this sort of as a narrower trade deficit, failed to support the buck.

Oil prices are consolidating close to their highs with WTI trading higher than $61, and Gold is on system to finish the yr close to $one,520.

Cryptocurrencies are stable, with Bitcoin trading higher than $seven,two hundred.

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