XE Market Analysis: North America – Dec 22, 2020

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The dollar has traded moderately firmer, and the pound has drifted lower, though the U.S. currency has remained comfortably below its Monday highs while the UK currency has remained well off the lows it saw yesterday. News that the EU has rejected the UK’s latest offer on fishing (which was a 35% reduction in the EU’s fishing quota from UK waters following a five-year transition period) weighed on the pound. Brussels is reportedly demanding only a 25% quota reduction.