The post US Dollar Index flat with markets unsure how next will kick off with French uncertainty in the background appeared on BitcoinEthereumNews.com.

The US Dollar off the lows for this Friday with markets nervous on France’s budget talks possibly toppling the government. Monday’s opening might get choppy if French Prime Minister Michel Barnier is unable to secure a deal with the far-right National Rally party. The US Dollar Index is back above 106.00 and is looking for a daily and weekly close above the level to secure more upside into next week. The US Dollar (USD) is recovering with the US trading session opening on Black Friday. The rally in the Euro which was weighing on the US Dollar and the US Dollar Index (DXY), is fading at the start of the US trading session. France’s budget talks are not going well, with Prime Minister Michel Barnier having to consent to too many demands from the far-right National Rally from Marine Le Pen. The budget concerns are sending French yields higher, to levels matching weaker European peripheral countries such as Greece, fueling a stronger Euro over the US Dollar.  Meanwhile, US financial markets will close early on Friday after Thanksgiving Day. US equity futures are trading flat while the US bond market opens up under thin liquidity.  Daily digest market movers: France to sink or save Euro on Monday Far-right National Rally leader Marine Le Pen, who holds outsize leverage in France’s split parliament, gave Prime Minister Michel Barnier until Monday to kneel to her budget demands before she decides whether to topple the government, Bloomberg reports.  Prime Minister Barnier already agreed to abandon plans to raise taxes on electricity on Thursday, Reuters reports. Equities are set to close off this Friday with some slim gains for both Europe and the US despite thin liquidity this Black Friday.  The CME FedWatch Tool is pricing in another 25 basis points (bps) rate cut…

---

Filed under: News - @ November 29, 2024 5:31 pm