Markets closed out for Christmas, with equity markets trading around record highs, as does Gold and Silver. New Zealand markets were closed for Boxing Day, although international holiday trade, was thin. The US Dollar was steady, with the EUR trading above 1.1750, while the GBP operated just below 1.3500. The final week of trade before 2026 is expected to be light and uneventful.
Commodity currencies are finishing the year strongly, with the AUD topping 0.6700, while the NZD consolidates above 0.5800. Japanese inflation readings were a boost to Japanese economy, with the CPI falling back to an annual 2%, relieving pressure on interest rates. Roll on 2026.
