USD under pressure

TVC:DXY   U.S. Dollar Currency Index
USD was overstimulated with generous tax cuts in 2018 and now has to pay the price. The ongoing trade war with China is adding pressure. The rising wedge has already broken. The rejection at the higher clone levels suggest a fall back to the bottom of a long established channel.

Commodities will be boosted by this fall and that will add to inflation worries.

The next stage should be interest rate rises, but that will be politically unacceptable with the US elections drawing near. If rates don't rise, then USD will continue it's downward move.

Related Ideas


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out