USDollar is continuing to loss its strength due to 3 main reasons:
- FED definitely delay to hike rate in March, and we don't know surely when they liftoff again.
- Global uncertainty posts a real threat to US and Dollar.
- Even labor market performs well, the rest data are still very negative.
Hence,it's easy to understand why USDollar falls.
I think this trend is not over unless the threat is removed.
Investors like to hold safe-haven currencies such as Euro and Yen than greenback.
After breaking the key support 97.25, I believe USDollar will continue to fall to the next strong support 93.40
That is the first reason.
- FED definitely delay to hike rate in March, and we don't know surely when they liftoff again.
- Global uncertainty posts a real threat to US and Dollar.
- Even labor market performs well, the rest data are still very negative.
Hence,it's easy to understand why USDollar falls.
I think this trend is not over unless the threat is removed.
Investors like to hold safe-haven currencies such as Euro and Yen than greenback.
After breaking the key support 97.25, I believe USDollar will continue to fall to the next strong support 93.40
That is the first reason.
