US inflation came in at 3.1%, in line with expectations and paving the way for the Fed to leave interest rates unchanged. Confidence in markets continued as the Santa Claus rally looks more likely. The US Dollar eased, and the EUR regained 1.0800, while the GBP rallied to 1.2550.
The softer reserve allowed the commodity currencies to hold onto recent gains. The AUD traded around 0.6550, while the NZD consolidated above 0.6100. All eyes remain glued to Central Bank activity.