Dollar weakness remains short-lived ahead of the New Years holidays

This is what you need to know to trade today Thursday, December 30:

The dollar faced selling pressure in the second half of the day on Wednesday, but managed to limit its losses early on Thursday, with the US dollar index staying in positive territory above 96.00. In the absence of high-level data releases, improving market sentiment made it difficult for the dollar to find demand, but rising U.S. Treasury yields are helping the currency to resist. to their rivals. The yield on US 10-year bonds rose nearly 5% on Wednesday and appears to have settled above 1.5%. Later in the session, weekly US jobless claims and Chicago PMI for December will be the latest data released for the year. Meanwhile, US equity futures are trading unchanged early in the European session, reflecting risk neutral sentiment for now.

The EUR/USD It hit its highest level in a month at 1.1370 on Wednesday. On Thursday it lost ground, falling towards 1.1300.

The GBP/USD It rose above 1.3500 for the first time in five weeks during Asian business hours, but lost traction. Currently, the pair records small daily losses near 1.3470.

The USD/JPY It capitalized on rising US Treasury yields and advanced past 115.00 at the start of the European session on Thursday.

The oro It fell below $ 1,790 under pressure from the sharp rally seen in 10-year US Treasury yields on Wednesday, but managed to erase a large part of its daily losses. However, the XAU / USD seems to be having a hard time recovering $ 1,800.

Bitcoin it closed Wednesday for the second day in a row in negative territory and remains relatively quiet around $ 47,000 early Thursday. Ethereum It touched its lowest level in three weeks at $ 3,585 before making a technical correction towards $ 3,700.