According to ChainCatcher news, as reported by Jin10, the US market is closed today for Thanksgiving, leading to a lack of liquidity and increased fluctuations in currency trading. The US dollar is retreating from a six-month high set a week ago and is on track to record its largest weekly fall since July. Brent Donnelly, president of Spectra Markets, stated that the market will soon consider major trading strategies for 2026, and he believes that 'going long on the dollar' will not be one of them, noting that if the White House economic advisor Hassett, who advocates for interest rate cuts, is appointed as the next Fed chairman, it would be unfavorable for the dollar.
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The dollar has seen its largest weekly fall in four months, with market focus on the Fed's path.
According to ChainCatcher news, as reported by Jin10, the US market is closed today for Thanksgiving, leading to a lack of liquidity and increased fluctuations in currency trading. The US dollar is retreating from a six-month high set a week ago and is on track to record its largest weekly fall since July. Brent Donnelly, president of Spectra Markets, stated that the market will soon consider major trading strategies for 2026, and he believes that 'going long on the dollar' will not be one of them, noting that if the White House economic advisor Hassett, who advocates for interest rate cuts, is appointed as the next Fed chairman, it would be unfavorable for the dollar.