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Forex pairs in this Article » EUR/USD (Córdoba) - The euro is set to close the year as the top-performer among major currencies, printing a 4.5% annual gain versus the dollar.

The greenback failed to benefit from Fed's decision to begin tapering its bond-buying program this month, and it extended weakness versus the shared currency. The EUR/USD broke above 1.3832 (Oct 25 high) and printed a fresh 2-year peak of 1.3892 just last week.

The EUR/USD is on track close the year around 1.3780, having climbed more than 1000 pips from this year's low of 1.2746 struck late March.

EUR/USD looking ahead to the New Year

"In the past 10 years, January has been the second-worst month in terms of performance for the EUR (May being the worst)", said the TD Securities team. "Current, lofty levels in spot are a prime opportunity for short positions still, we feel".
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