Discrepancies in the monetary policy of the Fed and the ECB are likely to lead to an increase in the dollar exchange rate and a decrease in the euro next week, making the dollar more attractive to profit-seeking investors.
On Wednesday the "three bigs" - Kuroda, Draghi and Powel will perform in Portugal and would shake the markets with some volatility, bringing to table good trading options.
On Thursday the Bank of England will keep the interest rate unchanged. The decision of the National Bank of Switzerland will be similar.
The US dollar index fell 0.14% at the end of the trading session on Friday to 94.80, after rising to a maximum in eleven months, to 95.13. Over the last week, the dollar index rose 1.33%, which was the largest growth in seven weeks.
More likely, the dollar will keep the good pace next week.
No comments:
Post a Comment