ANALYSIS: Economic worries push dollar index lower, may fall below 100 mark‘’
U.S. economic anxiety pushed the dollar down to a five-month low against a basket of major currencies today, according to Gold Ten. The dollar index touched its lowest level since mid-October, at one point falling 0.5 per cent to 103.329. analyst Brad Becher at Jefferies told clients, ‘We know the set-up here, US growth concerns take us [the US index] down to 100 and inflation concerns take us back up to 108.’
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Putin's economic advisor calls for inclusion of cryptocurrencies in Russia's national trade ledger
Uniswap founder opposes regulating DeFi developers as centralized institutions
RootData: IO will unlock tokens worth approximately $3.05 million in one week