The U.S. Dollar is trading in mostly favorable yet tight ranges as we begin another shortened week because of the holidays.
Overview
We will be closed on Wednesday in observance of the New Year. This Monday we join in mourning and honoring Jimmy Carter, the 39th President of the United States who passed away over the weekend at 100 years old. Carter presided over a turbulent time for the globe in which he oversaw the passing of multilateral treaties while coping with the headwinds of “stagflation” at home. He was able to advise world leaders who relied on his wisdom and experience.
Stock exchanges are down following a tragic plane crash in Asia for airliner Jeju Air that took 181 lives onboard. Boeing, the aircraft’s manufacturer vowed support in the midst of a dark time and losses to its stock’s value. Dollar-wise, we will likely continue to have limited liquidity while movements remain subdued. In 2024, the Buck climbed by 7.0% according to the Bloomberg Dollar Spot Index.
What to Watch This Week…
- Monex USA Online is always open
