Asia Morning: Gold Halts Sliding on Thanksgiving Holiday
Ming Lam November 27, 2020 11:55 AM
The USD Index Holds 92.00 Level...
On Thursday, U.S. financial markets were closed for the Thanksgiving holiday.
European stocks still lacked momentum. The Stoxx Europe 600 declined 0.12%, Germany's DAX was little changed, France's CAC 40 dipped 0.08% and the U.K.'s FTSE 100 dropped 0.44%.
Spot gold rebounded $8 (+0.46%) to $1,815 an ounce.
U.S. WTI crude futures (January) declined $0.72 (-1.58%) to $44.99 a barrel.
The forex market saw thin trading volumes during the Thanksgiving holiday. The ICE Dollar Index kept the key 92.00 level.
EUR/USD edged lower to 1.1913 from 1.1917 Wednesday. Germany's GfK Consumer Confidence Index slid to -6.7 for December (-4.9 expected). France's official Consumer Confidence Indicator declined to 90 in November (92 expected).
GBP/USD eased 0.13% to 1.3357 ending a four-session rally.
USD/JPY declined 0.19% to 104.26,
USD/CHF was down for a third day losing 0.18% to 0.9066.
AUD/USD held up at 0.7360.
USD/CAD added 0.08% to 1.3017.
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