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Furious Dollar Rally Fizzles On "Black Friday"; US Stocks Set To Open At New All-Time Highs

Furious Dollar Rally Fizzles On "Black Friday"; US Stocks Set To Open At New All-Time Highs

Having soared to fresh 13 year highs in a quiet overnight session on thin liquidity due to the US Thanksgiving holiday, which sent the USDJPY just shy of 114 and the Yuan to 6.96, the dollar pared back its weekly advance with modest profit taking after traders wondered if the rally has gotten "too stretched." European shares were fractionally higher, with Asian stocks and US equity futures rising and both the Dow Jones and the S&P set for new all time highs.

Is Nigel Farage Moving To The US

Is Nigel Farage Moving To The US

Donald Trump nearly sparked a diplomatic scandal earlier this week when he tweeted that Nigel Farage, the interim UKIP leader and the lead Brexit campaigner, would be great as Britain's ambassador to Washington, a suggestions which Theresa May's government quickly dismissed saying there was "no vacancy" as Kim Darroch is currently serving as ambassador to Washington, and leading to an outpouring of protests from the UK press accusing Trump of meddling in sovereign affairs.

EU / Russian Thaw Hits A Media Iceberg

Submitted by Tom Luego via PlanetFreeWeil.com,

The EU Parliament has approved a Polish MP’s bill to counter Russian news sources’ “propaganda.”  Among those listed are RT and Sputnik news agency.  This is yet another example of push-back from Western elites over the loss of the U.S. presidency and potential thawing of Russian / European relations under a Trump administration.

The vote passed with less than a majority of the EU Parliament’s 691 members, thanks to 208 abstentions.  The bill garnered only 304 votes.

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