The dollar recorded its largest weekly decline in four months, with market focus on the Federal Reserve's path

According to Jinshi News, the U.S. market is closed today for Thanksgiving, leading to a lack of liquidity and increased volatility in currency trading. The dollar is retreating from a six-month high set a week ago and is on track to record its largest weekly decline since July. Brent Donnelly, president of Spectra Markets, stated that the market will soon consider major trading strategies for 2026, and he believes that "going long on the dollar" will not be one of them. He pointed out that if White House economic advisor Hassett, who advocates for interest rate cuts, is appointed as the next Federal Reserve chairman, it would be unfavorable for the dollar.