The EUR/USD pushed to a six week high with the dollar weakening just ahead of an expected Fed interest rate cut on December 10th.
The British pound rose to a more than one month high despite increasing expectations that the Bank of England may also cut interest rates in December.
The USD/JPY declined to a three week low after Bank of Japan Governor Ueda hinted that interest rates could increase at its December meeting.
Gold prices declined after somewhat easing geopolitical tensions reduced safe haven demand and traders adopted a risk on approach.
US S&P 500 stocks traded higher after adobe reported record breaking sales for the Black Friday – Cyber Monday weekend. Apple reportedly sold 6.1% more iPhone 17’s compared to last year’s model and its stock price surged to an all time high.
Oil prices climbed above the $60 level for the first time in over three weeks. Ukrainian strikes on Russian energy infrastructure and stalled Ukraine Russian peace talks were among the catalysts.