020 7898 0500The US dollar is down from its 14-year highs as we head towards the annual US Thanksgiving holiday, when traditional US trading tends to be fairly quite leading up to and the day after the holiday period. President-elect Trump announced one of his first acts as President in January 2017 will be to rip apart the Trans-Pacific Partnership. Currently the market is largely ignoring that comment and hoping that it is rhetoric rather than reality.
Later today see’s the minutes released from last months’ Federal Reserve meeting. Currently the markets have priced in 2 rate hikes in 2017, however traders will be eagerly awaiting the release of the minutes, as they may reset expectations of potential hikes depending on the content. Traders will also be looking for further clues for what might happen at next month’s meeting – the market has currently priced in a 90% chance that the Fed will raise interest rates next month.
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