The recent pullback of the US Dollar (USD) can be attributed primarily to dovish signals from the Federal Reserve rather than geopolitical influences. As traders reassess rate expectations, the USD has shown weakness against major currencies, impacting pairs like USD/EUR and USD/JPY. This shift underscores the market’s sensitivity to Fed communications, which are shaping trading strategies.
With Thanksgiving approaching, thinner market liquidity could heighten volatility, particularly for USD/JPY. Analysts at ING suggest that this environment may create opportunities for intervention in the currency pair if the USD continues to weaken. Traders are advised to monitor any developments closely, as fluctuations in exchange rates could lead to significant trading adjustments in the coming days.
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Data Source: FX Killer Analysis Team Updated: 2025-11-27 10:22
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.