Euro steadies in holiday-calm trading

Euro fell against the US dollar on Friday, amid calm trading due to Christmas holidays.

Stock and bond markets in several countries around the world are closed today in observance of the Christmas holidays, led by the US, Canada, Australia, Germany, the UK, France and Italy.

These markets will resume work next Monday, amid the continued focus on the latest updates regarding in the Covid-19 crisis.

Bearing in mind that the numbers of infections and deaths from the deadly disease are still increasing, amid concerns that the new strain of the virus will worsen the pandemic.

Global markets received support yesterday after the United Kingdom and the European Union finally secured a historic deal on the future relations, which paves the way for a flexible Brexit, only one week before the negotiations deadline on December 31.

As of 14:54 GMT, EUR/USD held at 1.2196, after hitting a high of 1.2210 and a low of 1.2163.