It seems late November may offer the US dollar a breather. Its exchange rate now reacts not only to Donald Trump but also to the candidates for his future cabinet. For instance, Scott Bessent, founder and CEO of the hedge fund Key Square Group, is set to lead the crucial Department of the Treasury.
Bessent has over 35 years of experience in investment management, which markets perceive more as a sign of stability than a proponent of drastic change. Unsurprisingly, the dollar reacted negatively to the nomination of such a figure.
Moreover, the dust storm stirred up during Trump’s tenure is gradually settling, giving markets a chance to refocus on macroeconomic data.
Let us find out what reports are slated for release on November 27 and how they may affect the market situation.
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00:00 INTRO
01:04 CRUDE OIL INVENTORIES API
01:46 INFLATION GROWTH RATE
02:23 CONSUMER SENTIMENT INDEX
02:54 GDP GROWTH RATE
03:24 INITIAL JOBLESS CLAIMS
04:00 CONSUMER PRICE INDEX
04:26 DURABLE GOODS ORDERS