Sharp Falls in Precious Metals Resume; Stocks in Orderly Decline; FOMC Minutes Show Fed Divided on Rate Cuts Scope; US Dollar Gains; South African Rand Hits 3-Year High; Iranian Rial Reaches Record Low
The EUR/USD exchange rate pulled back slightly as market risks rose in the final week of the year. It dropped slightly to 1.1758, down from this month's high of 1.1817, as traders eye the upcoming Federal Reserve minutes.
The euro eases against the yen in low-liquidity trading, yet strong interest rate differentials and solid support keep the broader EUR/JPY uptrend intact.
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