The dollar index is at its highest level since 2017.
GBP/USD has been holding onto gains, weathering USD strength. Coronavirus headlines, Brexit speculation, and US data are among the factors moving.
A drop in the euro/dollar exchange rate to a four-month low raises the prospect of a repricing of one of the world’s most important macroeconomic metrics.
GBP/USD has been recovering as the US dollar takes a breather and UK GDP figures. Brexit speculation, central bankers, and coronavirus headlines are set to dominate trading.
EUR.USD has been on the back foot amid coronavirus headlines. Top-tier US figures and a speech by ECB's Lagarde are eyed. Wednesday's four-hour chart is showing an improving picture for the bears.
GBP/USD remained depressed for the fourth consecutive session on Tuesday. Worries about coronavirus benefitted the USD's perceived safe-haven status.
The US Dollar Index displayed a specific bearish signal last week that we haven’t seen since May 2017.
EUR/USD has been reaching the limits of its advance. Optimism about US-China relations counter fears of US-EU deterioration.
A tit-for-tat retaliation game with Iran may not derail the bullish outlook.
Our long term tracking of the US Dollar points to an impending decline phase.
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