Quiet Morning so Far

There is not much happening in the markets all around the world this morning. The economic news have dried up and with the holiday season almost on to us, we see a sense of boredom and low liquidity settling into the markets and this usually drives down the volatility and there is not much to look forward to in terms of trading.

It is all about the dollar so far in the markets and it has been so all of this week. The strength of the dollar has been waxing and waning during the course of the week and all other currencies have been swaying this way and that based on the strength of the dollar. The strength of the dollar is here to stay for the next few months atleast and irrespective of the bounces and the correction that may happen in the different pairs, the overlying theme will continue to be the strength of the dollar and the markets and the traders have to get used to that.

Looking ahead, we do not have much economic news from any part of the world today and the only piece of data is the oil inventory from the US which could affect the oil prices but with the lack of liquidity in the market, we do not expect any strong moves.
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