Forex Today: US Dollar’s comeback in the making?

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Forex Today: US Dollar’s comeback in the making?
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Forex Today: US Dollar’s comeback in the making? – by ValBednarik EURUSD XAUUSD CryptoCurrencies CentralBanks Equities

substantial gains

Markets changed course following the release of upbeat US data, with the US Dollar accelerating its advance ahead of Wall Street’s close. The official ISM Services PMI for November improved by more than anticipated, surging to 56.5 from 54.4 and beating the 53.1 expected. Additionally, Factory Orders rose by 1% MoM in October, better than the 0.7% advance expected, while S&P Global upwardly revised its November Services PMI to 46.2 from a preliminary estimate of 46.1.

The greenback surged also vs safe-haven currencies, with USD/JPY recovering towards the 136.70 price zone.Cryptocurrencies collapsed with the resurgent US demand.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

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