here earlier. But the pair is now back down to 1.2645, up just 0.2% on the day. Elsewhere, USD/CHF is down 0.2% to 0.8910 but the euro, yen, loonie, and aussie are all flat against the dollar currently. Even after the French and German PMI data, the euro isn't doing all too much:
here, the ECB rate move in January is largely priced in already and there wasn't much to move the needle from the PMI data releases today. Adding to that, the key near-term levels seen above and large option expiries are continuing to anchor the pair closer to 1.0500 for the time being.
The main events this week are the key central bank meetings featuring the Fed, BOJ, and BOE. As such, we're caught in a bit of a waiting game in starting off the final real trading week of the year.
This article was written by Justin Low at www.forexlive.com. Read More Details
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