The market was seeing some irregular price action amid the Thanksgiving holidays in the US today. The market is usually quite around this time given the lack of liquidity and schedule of events.
The dollar market has however, started to factor in the widening gap between the US Fed’s forecast interest rate hikes against the actual rate market. The futures are pricing in at least 2.50 percent hikes through the year 2020.
In other news, UK Prime Minister Theresa May is making plans for a last-minute Brexit meeting this weekend. Britain is due to exit the bloc of 28 countries on March 29, with or without a deal.
Meanwhile in Japan, their core National inflation came in at 1%. The Bank of Japan is keeping a close watch on their inflation numbers hoping for prices to pick up close to 2.00% target range.