US Dollar Mixed During Friday’s Session

The US dollar was mixed today as no economic data from the United States was scheduled for the current trading session. This means that the greenback was reacting to moves of other currencies for the most part.

The dollar gained on weak currencies, like the euro and the Great Britain pound. Yet it was flat against the Japanese yen. The greenback also struggled against some commodity-related currencies, though not the Canadian dollar, which was attempting to hold ground but has failed.

The most important theme for the US currency remains timing of an interest rate hike from the Federal Reserve. The CME FedWatch still shows about 75 percent probability of the lift-off in December, but the confusing reaction to the Fed minutes suggests that the market does not consider that factor to be overly bullish for the US dollar.

EUR/USD dropped from 1.0733 to 1.0652 as of 16:28 GMT today. GBP/USD slid from 1.5289 to 1.5201. USD/JPY near the opening level of 122.84. AUD/USD gained from 0.7193 to 0.7231.

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