Trading activity remained subdued as liquidity is getting thin in the run-up to the Christmas holiday. The New York session will see a list of U.S. economic data being released. The U.S. Q3 GDP data is expected to be revised up to 4.3% from 3.9%, while durable goods orders are likely to have grown strongly in November. The dollar would see renewed buying support should these forecasts materialize. The dollar index has been trading within the slim range of 89.36-89.75.
The material has been provided by InstaForex Company – www.instaforex.com