Less Economic Data May Allow Markets To Remain Calm

[kreslik.news]

After all the glory of the US presidential election and a heavily packed economic calendar, the US dollar posted a noticeable upside during the last two weeks. However, this present week has comparatively fewer details to track and the Thanksgiving holidays may curb forex moves. Let’s discuss the details.

Another Strong Week Passes

With the aftershocks of the Trump victory continuing to fuel optimism about the world’s largest economy, the US dollar managed to test nearly 14 year highs as market players now expect that the new administration will ease Fed rate hikes.

Adding to this, upbeat tone of the US Fed chair ... (read more)