From yesterday we saw some gains from the US Dollar. At the Daily timeframe, we could see the price of the dollar in a strong bullish trend. Price is resting on the 20 and 50 EMA(dynamic support) also on a trendline.
Fundamentally, we could expect more interest rates hike from the FED because recently CPI Inflation numbers were high. Such actions would boost the demand for the US Dollar. We could also expect some selloff in stocks
Fundamentally, we could expect more interest rates hike from the FED because recently CPI Inflation numbers were high. Such actions would boost the demand for the US Dollar. We could also expect some selloff in stocks