The week was positive for the greenback. The US dollar index managed to set new highs near $93.50.
US dollar: forecast for August 21-25
In the upcoming days, pay attention to new home sales and crude oil inventories on Wednesday, existing home sales on Thursday and core durable goods orders on Friday. In addition, at the end of the week, world's major central bankers will gather at the Fed’s Jackson Hole Symposium. The Fed Chair Janet Yellen will speak on the topic of financial stability at 17:00 MT time on Friday.
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.