Forex news from the European trading session – November 25, 2021
- Euro leads, NZD lags on this day
- European equities up slightly
- Gold up 0.2% to $ 1,791.42
- WTI down 0.2% to $ 78.24
- Bitcoin up 2.4% to $ 58,659
It was a relatively calm session with mostly stable markets.
European indices rose slightly, seeking to end the gloom seen in recent sessions since trading last week.
Meanwhile, FX was pretty mixed, with the dollar trading in a more mixed fashion as it holds a slight lead against commodity currencies, but sits a bit lower against the euro and yen.
That said, the dollar still holds a strong position against these latter two currencies with EUR / USD seen at 1.1220 while USD / JPY holds above 115.00 around 115.30.
The Aussie and Kiwi are lagging behind, with AUD / USD falling below 0.7200 to 0.7180 levels seeking late September lows around 0.7170. And NZD / USD is testing new three-month lows below its own late-September lows of 0.6860 to 0.6845 currently.
The Thanksgiving holiday season is approaching, so expect thinner market conditions to prevail over the next two days before the weekend begins. Wish everyone who celebrates a very happy turkey day and hope you have a nice time with your family and loved ones!