Dol­lar In­dex eyes 97.00

Financial Mirror (Cyprus) - - WORLD -

The Dol­lar is stag­ing an im­pres­sive re­bound against a bas­ket of ma­jor cur­ren­cies with prices trad­ing marginally above 96.85. It seems bulls have shrugged off re­cent dovish re­marks by Fed­eral Re­serve of­fi­cials and spec­u­la­tion over the Fed rais­ing rates slower than ex­pected in 2019.

The pri­mary driver be­hind the Dol­lar’s ap­pre­ci­a­tion is likely based on con­fi­dence over the US econ­omy and the fact that the Fed re­mains as one of the more hawk­ish ma­jor

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