When Fed Powell hinted several weeks ago that rate hikes were on pause, many experts thought that would hurt the dollar. Low interest rates usually go hand in hand with a weaker currency. However, the US dollar hit a fresh 2019 high earlier this week.
Since then, a bit of a pullback has developed and price now sits below the 97.00-level on the chart. With weakness in the Euro and Japanese Yen, and China’s economy slowing down, I think the US dollar is a crowded trade. There is no other place to turn to, so the US dollar is the lesser
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