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27.12.2021

Asian session review: the US dollar consolidated against major currencies

During today's Asian trading, the US dollar was almost unchanged against the major currencies against the background of low trading activity in the inter-holiday period.

On Friday, the US and German markets were closed, and trading on other European stock markets was shortened. Hong Kong, Australia and the UK stock markets are closed on Monday. "The currency exchange market is now in holiday mode, and this state will continue until the middle of next week," Oanda analysts note.

Meanwhile, coronavirus cases have risen sharply in Japan and China, leaving investors worried potentially tighter restrictions in the region's top two economies would hinder activity.

The ICE index, which tracks the dynamics of the dollar against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), rose by 0.04%.

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