The consolidative price action this morning provides traders with a taste of what we can expect for the next 2 weeks. The holidays are upon us and they are typically characterized by low volatility, thin trading volumes and narrow ranges. Occasionally there are breakout moves driven by year end position adjustments and today’s price action in currencies is indicative of profit taking.
The best performing currency and the biggest mover today is the Canadian dollar. Of course, it doesn’t mean muc…
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