What will happen to the dollar index after "Irma" and "Harvey"

The calculation of losses from natural disasters is out.

Technical Analysis
12 sept 2017
 What will happen to the dollar index after "Irma" and "Harvey"

Hurricane Irma has almost calmed down and now it’s time to assess the damage. After Harvey's passing about $ 12 billion were already paid for insurance payments. Of course, losses, in this case, were incurred by insurance companies. The fact is that as of June 20, 2016 in Harris County, a region that includes Houston, only 15% of the property was insured against floods. Also there is a National Flood Insurance Program. The program pays damages to those who do not have flood insurance, and often borrows from the Treasury Department to fulfill their claims obligations.

We will be able to observe after a full assessment of the damage from natural disasters, a surge of activity related to the need to restore the affected regions. This means activity in the real estate and employment market, which can help the dollar strengthen its position.

On the other hand, these are internal costs that will be covered by the state. Therefore, experts differ in their judgments, how this will affect the economy and where the dollar index will go.

At the moment, the index continues its downward movement after yesterday's slight increase and at the moment is 91.78.

SuperForex
GBP/NZD: Technical Outlook before UK Bank Rate

Technical Analysis

GBP/NZD: Technical Outlook before UK Bank Rate

The GBP/NZD is ahead of 1.8360 after breaking through the resistance area.

SuperForex
11 sept 2017
The North Korean Crisis

Technical Analysis

The North Korean Crisis

Tensions continue to rise as North Korea's Independence Day looms around the corner.

SuperForex
08 sept 2017
AUD/CAD: Short Review & Forecast

Technical Analysis

AUD/CAD: Short Review & Forecast

The Bank of Canada significantly supported the CAD by increasing the rate again. The good economic situation doesn't require strong state support for the economy.

SuperForex
08 sept 2017