Wednesday’s round of pre-holiday U.S. data came in mostly as expected. Overall, this left the market focused on month-end flows, which leaned heavily against the dollar. Broad-based dollar selling was observed, accompanied by a reduction in risk appetite, as reflected in U.S. equities.
Key standouts on Thursday’s calendar include German inflation data and Eurozone sentiment readings. With U.S. markets closed for the Thanksgiving holiday, trading conditions are expected to be thinner overall through the end of the week.
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