We have a very strong dollar in the moment 4hr
From my previous analysis we where at the breakout point from the downtrend. We knew that we might be looking at a positive dollar and that Is what we got at the moment. But the next coming elections will be crucial to the performance of the us dollar.
As the investors ruled out a hefty interest rate cut from the reserve bank, a potential rise in the dollar from a victory by the former President Donald Trump.
Trump plans to implement tax cuts, looser financial regulations, and higher tariffs is viewed as positive for the dollar. Higher tariffs, for instance, would have a negative implications for growth in Asian and European exporters that could force their central banks lower their interest rates, undermining their currencies, while lifting the dollar.
As the investors ruled out a hefty interest rate cut from the reserve bank, a potential rise in the dollar from a victory by the former President Donald Trump.
Trump plans to implement tax cuts, looser financial regulations, and higher tariffs is viewed as positive for the dollar. Higher tariffs, for instance, would have a negative implications for growth in Asian and European exporters that could force their central banks lower their interest rates, undermining their currencies, while lifting the dollar.
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