US Buck Strong like Bull

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Started by joj - April 27, 2022, 5:30 p.m.

Blowing through the psychological 100 level.

Is it just as simple as the US Fed getting Hawkish?

Given the dollar's strength, gold hanging in there...

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Re: US Buck Strong like Bull

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By metmike - April 27, 2022, 5:40 p.m.

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Thanks joj!

Hadn't even been paying attention but wow!

https://www.dailyfx.com/forex/fundamental/forecast/weekly/usd/2022/04/24/weekly-fundamental-us-dollar-forecast-up-up-and-away.html

Weekly Fundamental US Dollar Forecast: Up, Up, and Away

Widening interest rate differentials continue to favor US Dollar strength, particularly against the Euro and the Japanese Yen.
Incoming US economic data is likely to paint a less rosy picture, however, as record high inflation saps confidence and diminishes spending power.
According to the IG Client Sentiment Index, the US Dollar has a bullish bias heading into the last week of April.
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