The US dollar seems to have found another reason to strengthen—strong and short-lived. We are talking about the appointments in Donald Trump’s future cabinet. Among the nominees are several billionaires, a Fox News host, a TV show doctor, and even a wrestling promoter who might head the Department of Education.
Against this backdrop, the nomination of Scott Bessent as Treasury Secretary has brought some sense of stability to the markets, providing the US dollar with a reason for consolidation.
Macroeconomic reports will also influence currency movements. Let us review the data set to be released on December 2 and its potential influence on Forex.
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