The week was positive for the greenback. The US dollar index managed to set new highs near $93.50.
USD: forecast for July 10-14
The US dollar index retraced up 50% of the decline it made in the last week of June. DXY corrected up to 96.20, but then the recovery of the American currency stalled.
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.