Most EM Currencies Slip as Dollar Halts Rout Amid Data Delays

A recent Bank of America survey indicates that investors expect the euro to end 2026 within a range of $1.10 to $1.20, compared to its current value of $1.1587. This sentiment reflects a cautious outlook among investors regarding significant fluctuations in the euro-dollar exchange rate.

U.S. stock futures indicated that Monday’s selloff is set to continue, reflecting a negative sentiment in the markets. The dollar, gold, and bitcoin also experienced declines, alongside Treasury yields, as investors sought safety amid economic uncertainties. This downturn follows a period of optimism regarding U.S.-China trade talks, which had previously buoyed market sentiment.

US stock futures and Bitcoin have trimmed their losses, indicating a potential easing of the recent selloff in global markets. Treasury yields rose, and the dollar remained stable, suggesting a shift in investor sentiment. This development comes after a period of volatility, reflecting a cautious optimism among traders as they assess market conditions and economic indicators.

Jeffrey Gundlach, founder and CEO of DoubleLine Capital, has expressed concerns about the current state of asset valuations, stating that stocks, bonds, and private assets are overpriced. This commentary comes during the 10-year anniversary celebration of the Odd Lots podcast, where prominent figures in markets and economics share their insights. Gundlach highlights the significant shift marked by the end of Zero Interest Rate Policy (ZIRP), which has influenced market dynamics and investor sentiment.

The dollar remains steady as investors await the release of a backlog of US economic data. This situation reflects the market's anticipation of how this data may influence future monetary policy and economic forecasts. Investors are closely monitoring these developments to gauge potential impacts on the dollar's value and overall market stability.

United Airlines has announced a significant number of flight cancellations for spring 2026 due to the ongoing U.S. government shutdown, which has resulted in staffing shortages among TSA agents and air traffic controllers. Many employees have been forced to work without pay, leading to operational disruptions across the airline industry. This situation has compelled airlines to reduce their flight schedules substantially, impacting travelers and the overall air travel experience.

Experts indicate that air traffic controllers are returning to work swiftly following the reopening of the US federal government, alleviating concerns about prolonged disruptions to flight schedules. The Department of Transportation has confirmed that Thanksgiving air traffic is expected to be normal, with controllers receiving full back pay and a $10,000 bonus. This development is crucial as it ensures a smooth travel experience during the busy holiday season, which is vital for both travelers and the aviation industry.