The U.S. dollar held near a more than one-week low against a basket of major currencies on Monday as some traders who had taken bullish bets on the greenback took profits ahead of year- end, while the Canadian dollar fell on a dip in oil prices.
An inconclusive election result that may increase unease over Spain's financial stability did little to weaken the euro on Monday, while China's yuan was fixed stronger by authorities for the first time in two weeks.
The unanimous backing Federal Reserve Chair Janet Yellen got for the Fed's first rate hike since the financial crisis let her deliver a clear message: Don't expect further rate hikes for a while, and when we are ready, we'll tell you.
The number of Americans filing for unemployment benefits last week fell from a five-month high, suggesting sustained labor market healing that could lead to further Federal Reserve interest rate hikes next year.
Key short-term interest rates jumped early on Thursday as international markets calmly responded to the U.S. Federal Reserve's first policy tightening in nearly a decade, a welcome sign for the Fed as it prepares for a tricky auction later in the day.
For the typically lackluster mid-December time period, most major markets are still relatively liquid and volatile, and traders continued engagement can be chalked up almost entirely to tomorrow’s landmark FOMC decision.