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DailyFX US AM Digest: US Dollar Starts Off Last Full Week of Year Lower

DailyFX US AM Digest: US Dollar Starts Off Last Full Week of Year Lower

2017-12-18 13:59:00
DailyFX Research,
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The US Dollar has given back all of its gains from Friday versus the British Pound and the Euro, leaving the DXY Index lower at the start of the last full trading week of the year. After acute gains last week, the Australian and New Zealand Dollars are taking a bit of a breather, although both remain well-positioned in furthering their bottoming efforts versus the greenback. Otherwise, traders are still awaiting the final details of the reconciled US House and Senate tax plan that could make its way to President Trump’s desk before Washington, D.C. closes down for Christmas.

DailyFX Economic Calendar: Monday, December 18, 2017 – North American Releases

DailyFX US AM Digest: US Dollar Starts Off Last Full Week of Year Lower

It’s an exceptionally quiet day in North American on both Monday and Tuesday, with no ‘high’ importance events on the calendar from Canada, Mexico, or the United States. This should not come as a surprise as it is the last full trading week of the year before liquidity drains around the days straddling Christmas and New Year’s. As such, the news wire remains the most potent source of risk for intraday price swings in FX markets in the coming sessions.

DailyFX Webinar Calendar: Monday, December 18, 2017

DailyFX US AM Digest: US Dollar Starts Off Last Full Week of Year Lower

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