The US Dollar remains buoyant after gaining more than 0.5% against the Euro during Friday’s session. As the countdown to June’s Fed meeting is under way, the US Dollar index continues to record gains and is comfortably above the 97 level.
This can be interpreted as a sign that despite expecting a more dovish tone from the Fed at this meeting, investors are also focusing on how other central banks will react to the escalation in trade tensions, knowing that many will be very likely to start easing soon, too.
Photo by Etienne Martins.
