US Dollar Expected to Continue Trading Strong for the Next Six Months: Reuters - Forex News by Strategia Forex
The USD remains solid

US Dollar Expected to Continue Trading Strong for the Next Six Months: Reuters

Posted Friday, October 4, 2019 by
Arslan Butt • 1 min read

According to a recent Reuters poll, the US dollar is expected to rally and continue trading bullish for at least another six months. Escalating trade tensions have weakened the economic growth prospects of leading countries around the world, keeping the dollar’s major peers under pressure.

Despite the US economy showing signs of weakness lately as the trade war with China prolongs, it is still faring better than other developed economies, especially in the Eurozone. A weaker than expected growth in the manufacturing and services sectors in the US during September have reignited market expectations for one more rate cut this year by the Federal Reserve.

However, analysts polled expect the dollar to weaken only if more economic data releases point to an increased risk of recession in the US economy in the coming months. Any further escalation in the US-China trade war and positive returns on dollar-denominated assets are expected to keep the dollar in favor among traders worldwide in the near future.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
Related Articles
Comments

Leave a Reply

avatar
  Subscribe  
Notify of