The week was positive for the greenback. The US dollar index managed to set new highs near $93.50.
US dollar: forecast for June 19-23
The US dollar index (DXY) kept consolidating around 97.00. The highlight of the past week was certainly the meeting of the Federal Reserve. The US central bank has lived up to the market’s expectations and increased the federal funds rate by 25 bps.
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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.