CNBC: U.S. dollar set for worst week since July as Fed rate cut looms

"Liquidity remains thin given that most participants executed month-end trades ahead of yesterday's Thanksgiving holiday, and most major pairs are seeing choppy—but range-bound—trading action with technical levels holding firm," said Karl Schamotta, chief market strategist at Corpay in Toronto. "Markets could hit some turbulence later this morning if benchmark prices remain muddled, but it looks as if that's a relatively unlikely scenario," he added.

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