Dollar heads for biggest weekly drop in 4 months — Reuters
Photo: The dollar is approaching its biggest weekly drop in four months (Getty Images)
On Thursday, November 27, the dollar headed for its biggest weekly drop in four months. This is due to reduced trading ahead of Thanksgiving in the US, Reuters reports.
Currencies react to policy changes
In Asian trading, the yen rose 0.2% to 156.11 per dollar amid a change in tone from Bank of Japan officials.
"That could be an attractive environment for Japanese authorities to intervene in dollar/yen," says Francesco Pesole, currency strategist at ING.
"However, there may still be a preference to intervene after a dollar-negative data event, and the stall in the pair may have removed some sense of urgency," he adds.
The euro fell 0.05% to $1.1590 after earlier hitting a one-and-a-half-week high of $1.1613 during the session.
Markets are also watching negotiations on a possible peace deal with Ukraine, which could lift the single currency.
US envoy Steve Witkoff is expected to visit Moscow next week for talks with Russian leaders, but a senior Russian diplomat said on Wednesday that Russia would not make major concessions.
US dollar heading for biggest weekly drop
The US dollar index rose 0.1% to 99.62, retreating from a six-month high reached a week ago and heading for its biggest weekly drop since July.
"The market will soon be thinking about the big trades for 2026, and I strongly doubt that 'long USD' will be one of them," says Brent Donnelly, president of Spectra Markets.
He added that if White House economic adviser Kevin Hassett, who is in favor of lowering interest rates, is appointed as the next chair of the Federal Reserve, this could be a negative catalyst for the dollar.
"Once we get past Friday, all the corporate and real money USD demand is done," he concludes.
Dollar exchange rate in Ukraine
The National Bank of Ukraine set the official dollar exchange rate for Thursday, November 27, at UAH 42.30 per dollar, which is 10 kopiika more than the previous day.
The official euro exchange rate for November 27 is UAH 48.9481. The value of the European currency has remained virtually unchanged and remains close to the previous day's level.
As of this morning, the average selling price of the dollar in exchange offices remains at UAH 42.56. The euro has slightly increased in value: the exchange rate rose by 4 kopiika s and reached UAH 49.39.
The average purchase price of the dollar is 42.01 hryvnia. The euro costs 48.74 hryvnia, which is 3 kopecks more than yesterday.
Since the beginning of the year, the dollar has gained 27 kopecks in value: on January 1, its exchange rate was UAH 42.02. Since the beginning of November, the increase has reached 32 kopiika —on the first day of the month, the National Bank set the dollar at UAH 41.97.
According to analysts' forecasts, a moderate growth of the dollar and euro is expected in Ukraine in November-December.
