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During trading today, Thursday, in the currency market, only three of the currencies in the list of major currencies achieved profits and gains against other currencies. The list of winning currencies was presented by the pound sterling, followed by the Australian dollar, followed by the New Zealand dollar. The profits of the four currencies ranged between 0.59% and 4.00% on average. And we will see in the following the reasons for the issuance of the three currencies in the currency market trading today.
The dollar stabilized against the major currencies during trading today, Thursday, while the pound sterling rose to its highest level in a month, amid following up on the latest developments related to the pandemic, and with anticipation of the start of the Christmas holidays.
The euro settled against the US currency at 1.1324 dollars; During trading, the dollar rose against the Japanese currency by 0.2% to 114.29 yen, while the pound rose against the US currency by 0.6% to $1.3434.
Inflation in the US, as measured by the Personal Consumption Expenditures (PCE) Price Index, rose to 4.7% YoY in November, the US Bureau of Economic Analysis reported on Thursday. That was above the consensus forecast for an inflation rate of 4.5% and marked a substantial acceleration from October’s inflation rate of 4.2%, which was upwardly revised from 4.1%
There were 205,000 initial claims for unemployment benefits in the US during the week ending December 18, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading matched the market consensus.
