Most commodity-linked currencies saw slight declines during trading on Friday as subdued activity persisted due to investor preparations for the New Year holiday.
Key Developments in 2025
This year has been marked by significant events, most notably the upcoming inauguration of President-elect Donald Trump, who will officially assume office.
Government data released today revealed that the U.S. trade deficit widened by approximately 5%, reaching $102.9 billion in November, up from $98.3 billion in the previous month. This may encourage President-elect Trump to proceed with imposing higher tariffs on imports to reduce the deficit.
The market remains quiet as investors prepare for New Year’s celebrations, leading some to restructure their portfolios or liquidate certain assets.
U.S. Dollar
By 20:37 GMT, the Dollar Index had declined by 0.1% to 108.03 points. The index recorded a high of 108.2 points and a low of 107.8 points during the session.
Canadian Dollar
The Canadian dollar weakened against its U.S. counterpart, declining by 0.1% to 0.6937 as of 20:59 GMT.
Australian Dollar
Similarly, the Australian dollar fell against the U.S. dollar, dropping by 0.1% to 0.6215 by 20:59 GMT.
