US markets remain closed on Thursday forThanksgiving celebrations.
Economic data may push the Fed not to hurry to cut rates.
The US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, trades near 106.00 on Thursday, tilted higher by the US Dollar (USD) strength. Thin liquidity is expected as most major trading floors will be closed across the United States, with Thanksgiving and Black Friday taking place, resulting in a very calm remaining two trading days for the week.
The US Dollar Index (DXY) remains bullish, supported by robust economic data and a hawkish Federal Reserve (Fed) stance. Despite recent profit-taking and geopolitical uncertainty, the uptrend is intact.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
Hot
No comment on record. Start new comment.