Dollar Stabilizes, Yen Retreats, Euro Loses Momentum
As Thanksgiving long weekend approaches, a noticeable tranquility has enveloped the financial markets. The aftermath of FOMC minutes, which revealed a slightly toned-down hawkish stance, has resulted in rather subdued market reactions. Major stock indices have slightly retreated from their recent advances, reflecting a cautious sentiment among investors. Correspondingly, 10-year Treasury yield also concluded yesterday's session almost unchanged. At the same time, Dollar is showing signs of steadying after a period of selloffs. This stabilization suggests the possibility Dollar entering a ...