The US dollar recorded its largest weekly fall in four months, with market focus on the Fed's path.

According to Mars Finance news, as reported by Jin10, the US market is closed today for Thanksgiving, resulting in a lack of liquidity and increased fluctuations in currency trading. The US dollar is retreating from a six-month high reached a week ago, likely to post the largest weekly fall since July. Brent Donnelly, president of Spectra Markets, stated that the market will soon consider major trading strategies for 2026, and he believes that “go long on the dollar” will not be one of them, noting that if White House economic advisor Hassett, who advocates for rate cuts, is appointed as the next Fed chair, it would be unfavorable for the dollar.