Dollar index little changed, close to 14-year peak-SapForex24

The dollar was little changed against the other majors currencies on Wednesday, hovering close to a 14-year high amid higher risk aversion following Monday’s terrorist attacks and as expectations for additional U.S. rate hikes in 2017 continued to support the greenback.

Trading volumes were expected to be thin this week ahead of the Christmas holiday.
EUR/USD held steady at 1.0393, off the previous session’s fresh 14-year low of 1.0349.

Market sentiment soured after Russian ambassador to Turkey, Andrei Karlov, was shot and killed at an art gallery in the Turkish capital of Ankara Monday evening.
A few hours later, a truck plowed into a crowded Christmas market in central Berlin, killing 12 people and injuring up to 50 others.

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Meanwhile, the greenback remained broadly supported after the Federal Reserve concluded its policy meeting last week by raising interest rates by 25 basis points and projected three more rate hikes for 2017.

Elsewhere, GBP/USD fell 0.25% to 1.2333, close to Thursday’s one-month low of 1.2310.
Earlier Wednesday, the U.K. Office for National Statistics reported that public sector net borrowing increased by £12.21 billion in November, compared to expectations for a rise of £11.30 billion.

Public sector net borrowing climbed £4.32 billion in October, whose figure was revised from a previously estimated gain of £4.30 billion.

USD/JPY slid 0.25% to 117.56, while USD/CHF held steady at 1.0290.
The Australian dollar was weaker, with AUD/USD down 0.15% at 0.7249, while NZD/USD was little changed at 0.6911.

Meanwhile, USD/CAD edged up 0.09% to trade at 1.3379.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at 103.27, just off Thursday’s fresh 14-year highs of 103.62.


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