The USD surged to more than a 13-year high on Wednesday, bolstered by positive U.S. economic data that showed the economy is on track for continued growth. The FOMC Minutes reinforced expectations of an interest rate hike by the Federal Reserve next month and in 2017. Markets are now pricing in a nearly 100 percent probability of a December Fed rate increase, according to CME FedWatch.

Don’t forget today is the US public holiday Thanksgiving. To see the market trading hours click here.

Currencies:  The dollar index, which tracks the greenback against a basket of six major peers, rose 0.1 percent to 101.79, pushing back toward its overnight high of 101.91, its highest in nearly 14 years. China’s offshore yuan, meanwhile, fell 0.5 percent on the day to a record low of 6.9470 per dollar as traders grappled with the strengthening U.S. currency and signs of accelerating capital outflows following Trump’s shock election win.

Oil and Gold: Most analysts expect a swift fall in oil prices if OPEC fails to reach a deal in Vienna November 30th. Prices remained static despite a bullish Crude Oil Inventory report as stockpiles fell by 1.3 million barrels in the week ended Nov. 18. Gold was trading at $1,188 an ounce thirty minutes after the release of FOMC minutes. It then slid to a 9-1/2-month low of $1,181.45 an ounce.

Stocks: The Dow Jones industrial average and S&P 500 ended at record highs for a third straight day on Wednesday with the help of gains in industrial stocks. Analysts expect the uptrend to continue based on President-elect Trump’s policies. There was no signifigant movements in other global indices for the day.