Thin Pre-Christmas Trading in the Forex Market
Activity in the final trading session before Christmas appears to be light. This morning, the US Dollar is trading broadly lower against its major currency counterparts, as most traders are already off for the upcoming end of the year holidays, reducing liquidity in the market. The only economic data in the US docket that might stir some market interest today is a report on the number of claims filed for unemployment benefits in the past week.
In the UK, the British Bankers' Association (BBA) just now published its latest issue on the number of home loans approved by UK banks. The numbers revealed an unexpected downturn in mortgage lending for November. In Europe, the economic calendar is empty today.