XE Market Analysis: Europe – Dec 23, 2020

The euro has been heavy, edging out a five-day low against the pound, and a two-day low versus the yen while nearing yesterday’s low in the case against the dollar. The common currency has been a popular long against the dollar in recent weeks, and prevailing weakness may be reflecting some late hedging of positions ahead of the Christmas and New Year holiday period. Other dollar pairings and cross rates have for the most part remained within their respective Tuesday ranges. Asian stock markets gained, as have U.S. equity index futures.