TD Research highlights a scope for 2-way risks for G10 FX into year-end.
"The dollar is starting off December on a weaker footing after a messy end to the prior month saw a sharp squeeze in some key pairs. This comes as equities are also posting solid gains. The final weeks of the year are often kind to stocks, but November’s stellar performance could present some challenges," TD notes.
"In any case, we note that correlations between equities and the USD are starting to ebb ahead of year-end. This could see more two-way risks emerge in G10FX," TD adds.