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With The Dollar Still As Strong As Ever Is There Any Potential For Weakness?

Jon Steeler


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We have continued to see the mighty US dollar rise and rise without any real signs of it weakening, as of right now it doesn’t seem like that will be about to change in the current conditions.

Both the trade tensions or the possibility of the federal reserve cutting rates was able to take the dollar away from its rising path which last week rose against the majority of currencies.

Th reasons for the weakening of other currencies against the dollar seem to be that the USD is the best placed out of them all to provide some safety in times of global uncertainty where it seems like any minute (or any Trump tweet) could cause global markets to fall. From the trade wars to the European woes, Brexit to the middle east it seems like every country is affected by some worrying issue that makes markets nervous. 

For now it seems like the USD is best to weather the storm, and for the foreseeable future I would expect that to continue. 

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