The foreign currencies start divergently in very light trading after Christmas. Yen extended losses to an over five-year low. Pound is up, while the commodity dollars are down. Volumes will remain notional, as Europe is essentially closed for the week. Most Asian markets rallied. The European bourses ended higher and the US stock indexes are up in pre-open trading. Gold and oil barely moved. The short-term outlook for most foreign currencies is sideways. The medium-term outlook for most
Reported by FXstreet.com 8 hours ago.
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