The recent swell in rate expectations following the October rate decision and NFPs returned the Dollar to bullish progress stalled after the April double top set a 12-year high ceiling. Yet, now with resistance cleared, will there be enough fuel to generate further follow through? Is there enough untapped speculation to extend this phase? Yes, but it will be tough.
TheMarketHacker
I think the only currencies that could offer some resistance against the USD would be GBP and AUD. But I think the divergence of ECB and Fed's policies could lift this index and particularly the DXY higher by December - since much of the computation of these indices is USD vs EUR. It's not far fetched to foresee EUR's parity with USD so I'm interested to know why you would think it will be tough?
回覆