By: Patti Domm
CNBC Executive Editor
Markets will take in a heavy helping of economic reports in the shortened Thanksgiving holiday week, but the main course remains the dollar. In the past week, the dollar gained some traction as stocks were mixed and Treasurys saw a rush of buyers. Commodities finished the week mostly higher. Economic headlines in the week ahead include important real estate data, durable goods, revisions to third quarter GDP and weekly jobless claims. There are also $119 billion in Treasury notes and billions more in bills up for auction in the first three days of the week. Markets are closed Thanksgiving and Friday is a shortened trading day.
In the past week, traders say comments from Fed Chairman Ben Bernanke Monday reaffirmed the view that the Fed sees a slow economic recovery and that it has no plans any time soon to reverse its current policies. That supports the view that risk assets, like stocks and commodities, can continue higher and the dollar should stay weak. Bernanke though, in an unusual move, also said the Fed is monitoring the dollar closely, and the greenback has showed signs of strengthening since then.
http://www.cnbc.com/id/34068074
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