The Dollar stabilizes amid reduced volume due to the Thanksgiving holiday. ING economists analyze the outlook for the dollar.
Volumes will be very low again
Volumes are expected to be very low again. On the data side, we will see the publication of the S&P Global PMIs in the United States, a data that has caused a growing impact on the markets, but that may not decisively direct the Dollar on a day of low volume.
Today will be a relatively calm day in the currency market. We expect the Dollar to continue stabilizing around current levels.
The next two weeks will set the tone for currency markets heading into Christmas, with the release of key data (such as non-farm payrolls) in the United States.
Source: Fx Street
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