The US dollar records its largest weekly decline in four months as market focus shifts to the Federal Reserve's path
According to ChainCatcher, citing Jinse Finance, the U.S. market is closed today for Thanksgiving, resulting in scarce liquidity and increased currency trading volatility. The U.S. dollar is retreating from the six-month high it reached a week ago and is on track for its largest weekly decline since July. Brent Donnelly, President of Spectra Markets, stated that the market will soon be considering major trading strategies for 2026, and he believes that "going long on the dollar" will not be one of them. He also pointed out that if White House economic adviser Hassett, who advocates for interest rate cuts, is appointed as the next Federal Reserve Chair, it would be negative for the dollar.
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