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.