![]() ![]() Dollar losses were broad based, but China's yuan appeared to lead the way to its strongest level since July 27. The dollar (.DXY) continued to fall, however, with its DXY index down for the fourth day to its lowest since August. Even though the Fed stance is clearly evolving, there's a dearth of new data on the diary this week and the Thanksgiving holiday puts a hold on events. Still down 19% in less than two months, oil prices remain in the red year-on-year.Īs to Federal Reserve thinking, the central bank is expected to issue minutes of its November meeting and will be scoured for clues to next steps as always. ![]() Helping keep the disinflation fires burning was a leveling off of the latest crude oil price bounce - with crude markets now focused on the weekend OPEC+ meeting. ![]()
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