The US Dollar trades mildly positive against most major currencies.
With Thanksgiving and Black Friday ahead, US trading activity and volumes will be subdued.
The US Dollar Index trades back above 106.00 after a brief excursion found support below the level on Wednesday.
The US Dollar (USD) trades overall marginally higher against most major pairs on Thursday, with the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, bouncing back above 106.00 after a sharp sell-off the prior day, in what is expected to be a very calm remaining two trading days for the week with Thanksgiving and Black Friday taking place. Thin liquidity and most major trading floors will be closed across the United States.
Meanwhile, the focus shifts to Europe, where France is struggling to convince markets it can pass its much-needed budget after France’s Prime Minister, Michel Barnier, warned that mayhem could take place in financial markets if the French parliament does not support the budget bill with the possibility that the French government could fall, Bloomberg reports.
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