USD momentum has slowed following dovish remarks from the Federal Reserve, as highlighted by Scotiabank's FX analysts. With Thanksgiving week underway, traders are gearing up for a series of important US data releases scheduled for Tuesday and Wednesday. This week’s economic indicators may influence the USD's exchange rate against major currency pairs, including EUR/USD, which remains sensitive to Federal Reserve policy signals.
Market participants are likely to see limited movement post-midweek as they remain focused on both Fed communications and developments in US tech stocks. The interplay between the USD and risk sentiment in the equity markets could play a crucial role in shaping trading strategies. As traders digest the incoming data, expectations surrounding interest rate adjustments will be pivotal in determining the direction of the dollar against its peers in the currency market.
About FX Killer Trader Incubation Program
Want to become a professional trader? FX Killer offers a completely free professional trader training program. We provide systematic courses, practical training, and professional mentorship to help you grow from beginner to full-time trader.
👉 Join Free Training Program | Trading Psychology Assessment
Data Source: FX Killer Analysis Team Updated: 2025-11-24 16:45
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.