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US dollar continues to strengthen amid supportive yield differentials
The dollar remains strong as traders continue to contemplate the renewed divergence in monetary policy paths of the major central banks that has been reiterated in the past week. At the ECB central bankers forum in Sintra, Portugal, the Fed chair, Jerome Powell, did little to tell us anything new, but reinforced the view that the case for raising rates in the US was “strong”. Contrast this with Mario Draghi and his “patient, prudent and persistent” line of the path for the ECB. Governor Kuroda of the Bank of Japan was his usual dovish self, whilst Philip Lowe of the Reserve Bank of Australia remains cautious ... (full story)
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NotAtrader
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swing77
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swing77
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Start with 1000$. Increase by 3% every day. After one year 2 213 314$
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