U.S. Dollar’s Volatility Amidst Thanksgiving Market Closure

The U.S. dollar experienced significant volatility this week, as the Thanksgiving holiday led to market closures and a decreased level of liquidity. This decline saw the dollar retreat from its recent high points, marking one of its largest drops since July. The drop in value is partly due to uncertainties surrounding potential changes in the Federal Reserve’s leadership. Analysts believe these shifts could influence global currency strategies, potentially leading investors to favor alternative currencies like the Euro over the US Dollar.