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US Dollar show strength ahead of Fed’s statement

Ricardo Evangelista by Ricardo Evangelista
June 19, 2019
in Forex, Markets, Opinion
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The US Dollar is showing signs of strength again. The Dollar Index had 5 consecutive sessions of gains in a row and is currently sitting around 97.125.

As trade tensions ease between the US and China so does the pressure on the Dollar, and yesterday’s comment by President Trump definitely helped on that front. All eyes and ears will be on the Fed’s statement, scheduled to be released later today; some now expect it to be less dovish, than what the market has already priced in, providing further support to the Greenback.

Photo by Li Yang.

Tags: FEDPresident TrumpUS dollarUS-China trade tension
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Ricardo Evangelista

Ricardo Evangelista

Has undertaken a number of senior roles in his current employer including running the international desk, responsible for managing sales, customer services and marketing functions for a number of territories, as well as acting as a regular public speaker at events and contributor to TV and other media through interviews and market analysis. Since November 2016 he has been the Senior Executive Officer (SEO) of ActivTrades Dubai branch, having overall management responsibility of the branch. Prior to joining ActivTrades Ricardo worked in the IT and Financial industries.

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