Few high-impact events are expected in the coming days, with a shorter trading week in the U.S. due to the Thanksgiving holiday. This could lead to some consolidation of the most recent market moves.
The U.S. dollar depreciated against its major counterparts in the New York session on Thursday, as the nation's producer prices fell unexpectedly in March, strengthening expectations that the Federal Reserve will end its tightening cycle soon.
The U.S. dollar came under pressure during the New York session on Wednesday, as the nation's consumer inflation slowed more than expected in March, supporting expectations that the Federal Reserve could pause its policy tightening after the next meeting in May.