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US Dollar Stabilizes as Focus Shifts to Thanksgiving, Data Releases

US Dollar Stabilizes as Focus Shifts to Thanksgiving, Data Releases

The following are the things you need to know on Wednesday, November 22 2023: Despite Monday’s sharp decline, the US Dollar Index managed to gain some small daily points on Tuesday. The USD continues to hold its ground against its rivals early Wednesday. The US economic docket will include Durable Goods Orders data for October

US Dollar Stabilizes as Focus Shifts to Thanksgiving, Data Releases Read More »

US Dollar Stabilizes as Focus Shifts to Thanksgiving, Data Releases

Currency Round Up: US Dollar (USD) Soaring amid Rising Bond Yields and Risk Aversion

During the American session on Monday, the US Dollar (USD) benefited from a surge in US Treasury bond yields following a quiet start to the new week. Early Tuesday, the US Dollar Index hit its highest level since November, above 107.00, entering a consolidation phase. The US economic docket will include August JOLTS Job Openings

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Forex Roundup: Dollar Rules Despite the Slides

Dollar Holds Steady as Traders Await Inflation Data from US and China

The dollar was little changed on Monday after a mixed US employment report failed to spark any significant market reaction. Traders shifted their focus to the upcoming inflation data from the US and China, which could provide some clues on the economic outlook and the monetary policy stance of the two largest economies. US Jobs

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