The foreign exchange market remains focused on risk, and the dollar could be shorted
On Saturday (May 6), the latest price of the US dollar index was 101.28, and the opening price was 101.44. After a series of central bank decisions this week,foreign exchange marketThe focus will begin to be on the debt ceiling.
Currency markets remain focused on risk, particularly bank stress and debt ceilings. "We have noticed in the past that Washington dysfunctions have historically tended to be bearish on the dollar against a small number of other reserve assets, but positive for the dollar against high-beta currencies," say analysts such as Arindam Sandilya and Patrick Locke.
From a broader perspective, the dollar index, while below the 200-day SMA, is sitting at 105.95 today, and the outlook for the dollar index is expected to remain negative.
Please indicate the source: https://www.daoctech.com/fxnews/275.html
Disclaimer: The content of this article does not represent the views of the Institute of Foreign Exchange. The content is for reference only and does not constitute investment advice. Investors operate accordingly at their own risk.