The US Dollar consolidates within small ranges amid thin liquidity.

The US Dollar Index (DXY) trades near its recent highs, showing strength as volatility eases during the Christmas holidays. Despite the quiet trading hours, the Greenback remains poised for potential gains. Unemployment claims data on Thursday could provide further direction for the index. However, activity may remain subdued due to the holiday season.

On the other hand, oil prices are trending higher, driven by China's announcement of a massive $411 billion special treasury bond sale. This move indicates additional economic stimulus, raising short-term demand expectations for crude. Brent oil (BCO) trades around $73.70, while WTI crude oil (CL) consolidates near $70.25. However, the long-term trend for oil remains uncertain.