However, if October inflation rises above expectations, the dollar will likely quickly regain the losses from the previous week. In that scenario we can expect the index that measures the greenback’s performance versus a basket of other major currencies to return to levels above the 112 mark.
Ricardo Evangelista – Senior Analyst, ActivTrades
Disclaimer: These opinions are solely the author’s and do not necessarily reflect those of LeapRate. This is not intended to be a trading recommendation.
LeapRate first published the post Daily market commentary – The greenback is trading almost flat