Euro, British Pound Little Changed on Uneventful Day of Trading

Empty economic calendars for most of Western Europe made for relatively uneventful trading for the Euro and British Pound. Yet regional equity indices finished the day at fresh 2009 highs as financial market risk appetite remained buoyant heading into year-end. Traders will have to wait for next week’s potentially market-moving Euro Zone Consumer Price Index data to force major moves in EUR pairs. In the meantime, most should remain cautious of thin forex market liquidity that is likely to last into the new year.