As usual for Monday mornings, market liquidity is very thin until it improves as more Asian institutions come online…prices tend to move around, so be careful out there that. It is also a week of many holidays for many major FX institutions. Official and unofficial. TL;DR is that most institutional partygoers will be largely absent until the new year. Here at ForexLive we take the official holidays, and service on the other days will be reduced.
Indicative rates, little changed from late Friday:
- EUR / USD 1.0433
- US dollar / JPY 156.39
- GBP/USD 1.2569
- US dollar / CHF 0.8926
- US dollar / CAD 1.4367
- AUD/USD 0.6255
- NZD/USD 0.5655
