The US stock market remains closed for the holiday, and prospects for 2023 have improved since investors anticipated slower inflation and interest rate hikes from major central banks.
Spot gold closed at $1,823.95 an ounce and then rose to a six-month high of $1,831.64. WTI oil futures climbed past $80 to $80.26 a barrel, while Bitcoin steadily increased to $16,695.0.
The Euro and Pound declined over 30 pips against the US dollar, closing at 1.0662 and 1.2045 respectively. German Manufacturing PMI for December last year was at 47.1, lower than the market estimate of 47.3. Later tonight, Mitrade expects the German year-on-year inflation rate will drop to 9.1.
AUD/USD traded slightly lower to 0.6802. USD/CAD gained 18 pips to 1.3572, but USD/JPY slid 40 pips to 130.73.