Let’s have a look at the economic calendar.
US dollar: forecast for Oct. 23-27
The US dollar managed to strengthen a bit during the past week. Positive drivers for the American currency included the Senate’s approval for a budget blueprint for the 2018 fiscal year. This increased the possibility of the upcoming tax cuts as Republicans will be able to pursue them without Democratic support. Investors think that a fiscal boost may push up inflation and make the Federal Reserve raise interest rates more than what markets have expected.