The Dollar Index has maintained a position above its 200-day moving average as the forex markets exhibit stability at the onset of a holiday-shortened trading week. With Thanksgiving approaching on Thursday, trading activity has been subdued, allowing the USD to hold steady against major currencies. Analysts from MUFG note that this stability may reflect cautious sentiment among traders as they navigate potential market shifts.
Major currency pairs, including the EUR/USD and GBP/USD, are trading within narrow ranges, indicating a lack of volatility. The upcoming holiday could limit trading volumes, leaving the USD well-supported for the time being. As market participants prepare for the holiday, the implications of this stability may influence how traders position themselves for potential shifts in exchange rates post-Thanksgiving.
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Data Source: FX Killer Analysis Team Updated: 2025-11-24 12:41
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.