Dec. 24: MARKET OVERVIEW
US dollar remained in demand after a stunningly strong US economic growth spurred markets to bring forward the timing of a likely hike in interest rates (US Q3 GDP was revised to 5.0%). The dollar index reached highs not seen since April 2006.
Economic calendar for today is rather light with the US unemployment claims dominating the day.
USD/JPY declined from 120.75 to 120.30 as Japanese exporters were selling the national currency.
EUR/USD consolidates at 1.2170, pressured by the strong US economic figures.