US DOLLAR: IS THERE A NEW TREND?

Posted 27 July, 2020

After forecasting that the US dollar will weaken by around 7% over the next year, Standard Chartered analysts point to a likely start of a new trend in the US dollar.

Important quotes


"The USD has weakened during the past few days during NY trading hours."

"It is likely that this will continue if US asset managers continue to sell during domestic meetings."

"If this is the beginning of a new trend in USD sales during US trading hours, it could be important as we may be just beginning."

"The dollar recovers in crises and weakens as the global economy recovers"

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