Published on 29 Nov 2024 on Benzinga
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The U.S. dollar is poised to end an eight-week winning streak with its worst weekly drop since mid-August, as resilient European currencies and a surging Japanese yen pull the greenback lower.
A currency-weighted gauge of the dollar, tracked by the Invesco DB USD Index Bullish Fund ETF UUP, has declined more than 1.4% this week, signaling a shift in market sentiment against the greenback.