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Institution: Dollar Set for Largest Weekly Drop in Four Months, Fed's Path in Focus
BlockBeats News, November 27th, Today, the U.S. market was closed for Thanksgiving, leading to a liquidity shortage and amplifying the volatility of currency trading. The dollar is retreating from a six-month high set a week ago, poised for its biggest weekly drop since July.
Spectra Markets CEO Brent Donnelly said: "The market will soon be considering key trading strategies for 2026, and I strongly believe that being long on the dollar will not be one of them."
He said that if White House economic adviser Hassett, who advocates for interest rate cuts, is appointed as the next Federal Reserve chairman, this should be unfavorable for the dollar. (Krypton)
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