The winners and losers in the forex market on December 5th

The NZD is the strongest. The EUR is the weakest.

As December 5th is put in the record books, and the NZD is the strongest, while the EUR is the weakest. The USD is ending with modest gains against most of the major pairs but is lower vs the NZD and the AUD as commodities (like gold and silver) fell on the day.

The markets did not race as evidence from the ranges (see lower chart below). The red line in the lower chart below is the 22 day average range for the major pairs and crosses. Most of the pairs traded near the average. The exception were some of the GBP pairs which fell sharply but rebounded by the close.