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Dollar Shows Modest Gain, But Worries Continue
The dollar index rose by 0.10% yesterday but failed to break the 92 handle, on a quiet Thanksgiving holiday.
President Trump has signaled that he is prepared to leave the White House, however, is still refusing to concede the US vote.
Electors will meet next month to formalize the vote, which will provide further clarity to the markets that a Biden regime will be on the cards in January.
The US markets will close early today, with the ‘day after thanksgiving’ tradition, leaving the question if the index can pull away from yearly lows.
ECB Confirms More Stimulus Ahead
The euro ended Thursday’s session indecisively as the European Central Bank indicated towards further monetary stimulus.
Coronavirus restrictions that are likely to continue into the next year weighed in on the economic recovery.
The warning of a double-dip recession has prompted the bank’s governing council to recalibrate its monetary instruments and announce the outcome at ...
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