Thin liquidity and month-end could increase market volatility, with dollar under pressure.

From Investing.com: 2024-11-29 05:16:00

US markets are festive with the dollar on the back foot, while thin liquidity could increase market volatility today. The Loonie hopes for a strong GDP print, as euro CPI might fall short. Tokyo CPI boosts the yen, with BoJ rate hike momentum building. Markets brace for an eventful December with potential geopolitical tensions impacting trading.

November saw risky assets benefitting from the US elections, with cryptocurrencies surging. US equities ended the month positively, led by small-cap stocks. The dollar gained against major currencies in November, except for the Loonie. Euro bulls struggle to recover losses against a strong dollar, with economic data weighing on the euro’s outlook. Yen strengthens on strong Tokyo CPI data, increasing the likelihood of a BoJ rate hike.



Read more at Investing.com: Thin Liquidity and Month-End Could Keep the Dollar Under Pressure