美元指数DXY跌0.18%至107.94。Among non-US currencies, the euro rose 0.11% against the US dollar to 1.0413. The British Pound weakened 2% against the US dollar to 1.2295. The US dollar fell more than 1% against the Japanese yen.
As the Christmas holiday approaches, both the US stock market and US bond market will be closed, and trading in some Commodity markets such as crude oil at the Chicago Mercantile Exchange and Intercontinental Exchange will be partially suspended, with most other overseas markets also closed.
On Wednesday, December 25, the Forex and Commodity markets are relatively quiet, with the USD and Bitcoin declining, while Gold remains stable.
The USD index DXY fell by 0.18% to 107.94.
Among non-US currencies, the euro rose 0.11% against the US dollar to 1.0413. The British Pound weakened 2% against the US dollar to 1.2295. The US dollar fell more than 1% against the Japanese yen.
Bitcoin fell by 0.67% to 98,027.32 USD.
Spot Gold stabilizes, currently reported at 2616.45 USD per ounce.
Last week, the Federal Reserve lowered its rate cut forecast, indicating that there will only be two more rate cuts in 2025, down from the four indicated in September. The futures market currently expects the federal funds rate to reach around 4% by the end of next year, implying one to two rate cuts. Overnight, the yield on the US 10-year benchmark treasury bond peaked above 4.6%, reaching the highest level since May, an increase of about 20 basis points since the Federal Reserve's rate cut last week.
