The US Dollar (USD) faces downside risks this week as markets react to cautiously optimistic developments in Ukraine peace talks. With trading volumes thinned due to the Thanksgiving holiday, the Dollar Index (DXY) is likely to hover near key resistance levels. ING's FX analyst Chris Turner suggests that these geopolitical factors and the upcoming release of the Federal Reserve’s Beige Book could temper the strength of the USD.
As traders closely monitor the evolving situation in Ukraine and its potential implications for global markets, the exchange rate dynamics against the Euro (EUR) and other major currencies may shift. A subdued performance of the DXY could signal a trend reversal for long positions in USD, prompting investors to reassess their strategies in the currency pairs they hold.
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Data Source: FX Killer Analysis Team Updated: 2025-11-24 11:39
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.