The week was positive for the greenback. The US dollar index managed to set new highs near $93.50.
EUR/USD: forecast for Sept. 4-8
The euro made bullish swings on good data from the euro area and the US dollar’s weakness. European inflation gathered pace in August, although the acceleration was mainly because of higher oils. Disappointing US labor data on Friday pushed the euro higher, but the euro bulls were stopped by a report from Bloomberg, citing unnamed euro zone officials, that the ECB may not be ready to finalize their decision on next year’s QE program until December.
The pound is highly volatile after a Brexit referendum. Have a look what other factors affect the UK currency. And get clues on future movements of GBP.
This is Forex trading plan for Thursday, May 24…
It seems like the rally of the greenback has ended. On Monday, the US dollar index tested levels near $94, however, closed below $93.50.