The dollar has jumped up a notch of late. The strength could easily last a while.
The U.S. Dollar Index (ticker: DXY), which shows the dollar’s value against a basket of currencies, went above 92 on Friday, reaching its highest level since late November. The greenback is up about 2% in the past two weeks.
Driving the gains have been an increasingly bright outlook for the U.S. economy. Daily Covid-19 vaccine inoculations have run at a strong pace, a trend that began in January, when shots were finding arms at a pace several times greater than in December.
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The U.S. Dollar Index (ticker: DXY), which shows the dollar’s value against a basket of currencies, went above 92 on Friday, reaching its highest level since late November. The greenback is up about 2% in the past two weeks.
Driving the gains have been an increasingly bright outlook for the U.S. economy. Daily Covid-19 vaccine inoculations have run at a strong pace, a trend that began in January, when shots were finding arms at a pace several times greater than in December.
If you find this helpful and want more FREE Updates on TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
1_GFX English Support Team ❤️