FOREX Update: US Dollar mixed against major currencies

By CountingPips.com

The US dollar has been mixed in forex trading on a day with a filled economic schedule before tomorrow’s Thanksgiving Day holiday. The dollar has been trading higher against the Japanese yen, euro and the British pound sterling while losing ground to the Australian dollar, New Zealand dollar, Canadian dollar and the Swiss franc, according to data by Oanda in the afternoon of the US trading session.

The US stock markets, meanwhile, have been sharply higher today with the Dow Jones industrial average rising by over 100 points, the NASDAQ up over 45 points and the S&P 500 rising by more than 15 points at time of writing.

Oil has advanced by $2.16 to trade at the $83.41 per barrel level while gold has edged down by approximately 1 dollar to trade at the $1377.80 per ounce level.

EUR/USD – The euro has edged slightly lower today against the dollar and could be on its way to a lower close for a third straight day. The pair currently trades near 1.3350 level.