King dollar riding high into Thanksgiving

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The Thanksgiving holiday is a celebration of feasts and traditionally marks the start of the holiday season in the US in the build up to Christmas. Well, it is the US dollar which is feasting on its major peers today, continuing the theme of this week and this month.

The widely watched Dollar Index (DXY) is soaring to fresh cycle highs, with EUR/USD plunging ever lower towards 1.12. There are few catalysts for a material dollar correction at present, before the holiday break, with the long-term trend in full effect.

Data dump expected to support strong buck

We get a deluge of US data… Read More:

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