Early FX rates were posted here:
Monday morning open levels – indicative forex prices – 25 November 2024
The gap lower for the USD pretty much across the major’s board has remained.
USD/JPY is under 154.50:
About the only news of note over the weekend was the announcement:
Weekend – Trump nominated Scott Bessent to serve as Treasury Department secretary
Villeroy spoke. It’d be unusual if he didn’t!
ECB Villeroy says falling inflation allows the Bank to lower interest rates
Oh, Bitcoin backed off a bit, it hasn’t hit 100K yet.
I’m not pinning the lower dollar on Bessent, but unless someone comes up with something better I may just have to.
This article was written by Eamonn Sheridan at www.forexlive.com.
