USD Enters 2018 Poorly

The new year is here, but the dollar is still decreasing.

Economic News
02 thg 1, 2018
USD Enters 2018 Poorly

We are in the first trading day of 2018, where we find the American dollar struggling against major currencies.

The USD was in a tough spot after a December rate hike failed to provide support for further growth, and even the adoption of tax reform did not help. During the holiday season demand for the American currency decreased, as many traders looked toward commodities whose prices have been increasing. We find the dollar index has slumped by almost 10% last year and is currently at 91.93.

Towards the end of 2017 the USD began losing positions against the euro - this is still the case. Earlier today the euro reached four-month highs above $1.20 and is steadily bullish. Last year was fantastic for the euro and many investors expect that the good economic data from the EU will continue boosting the single currency. The next important level will be 1.25, which some project might be reached within the first six months of 2018.

SuperForex
Events in the 1st Week of 2018

Economic News

Events in the 1st Week of 2018

What do you need to look forward to this week?

SuperForex
01 thg 1, 2018
The Last Working Day of the Year

Economic News

The Last Working Day of the Year

SuperForex
29 thg 12, 2017
Oil on High Note at Year's End

Economic News

Oil on High Note at Year's End

With pipeline outages, lessening supply in the US, and growing demand from China, the price of oil is steadily going up.

SuperForex
28 thg 12, 2017