EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Is Flat In Holiday-Thinned Trading
The U.S. dollar remained steady in trading with lower volume due to the holiday season. The EUR/USD, GBP/USD, USD/CAD, and USD/JPY pairs were all affected by this flat trend.
Investors were cautious as many traders were away for the holidays, leading to limited movements in the currency market. The EUR/USD pair was trading around 1.1300, while the GBP/USD pair hovered near 1.2700. The USD/CAD pair was around 1.3100, and the USD/JPY pair was trading near 110.00.
With lower trading activity, the U.S. dollar failed to make significant gains against its major counterparts. Traders will be watching for any developments in the markets as trading volume picks up after the holidays.
Overall, the U.S. dollar remained flat in holiday-thinned trading, with the EUR/USD, GBP/USD, USD/CAD, and USD/JPY pairs showing minimal movement.