- Analytics
- News and Tools
- Market News
- US Dollar Index to test 93.00 as the rebound gathers a head of steam – Westpac
US Dollar Index to test 93.00 as the rebound gathers a head of steam – Westpac
FXStreet reports that economists at Westpac said that the US Dollar Index (DXY) looks set to test higher levels near term.
“DXY looks determined to test the top-end of a rough 91-93 range that is likely to form in coming weeks.”
“Fed officials have resoundingly underscored their dovish policy track, anchoring the front-end, but long end-yields remain another matter. DXY weighted 10yr spreads have fully retraced the 2020Q1 pandemic collapse.”
“The medium-term USD bear trend has been adjourned, until sometime in 2021H2. By then Europe should surely have her vaccination act together and second derivative US rebound measures will probably be cresting.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
