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- US Dollar Index is ready to meet the 94.50 target – Westpac
US Dollar Index is ready to meet the 94.50 target – Westpac
FXStreet reports that economists at Westpac discusses US Dollar Index prospects.
“Stretch targets of 94.50, the top-end of the DXY’s 2020Q3 range look increasingly achievable in coming weeks as the US and Europe slip into dramatically diverging recovery paths.”
“US rebound hopes have risen sharply but adaptive expectations have a habit of falling short when growth momentum shifts as rapidly as it has in the US. The medium-term USD bear trend has been adjourned, until sometime in 2021H2. EC President von der Leyen says European vaccine deliveries will hit 100M doses per month by April, so Europe should have her vaccination act together by Q3. By then, second derivative US rebound measures will probably be cresting too.”
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