Saturday, 14 January 2017

The era of the strong dollar has already come (Part 1)

Euro/dollar moved up for three consecutive days. And if in the middle of the week the dollar weakened because of the speech by Donald Trump and the subsequent disappointment of speculators, by the end of the week the euro is looking for its own reasons for strengthening. The main trades in EUR/USD are around 1.0650. During the second week of January, the euro/dollar has risen in price by 1.2%.
In the mid-term for the main currency pair, however, nothing yet changed. It remains within the limits of 1,0339-1,0760. And there is no compelling reason to believe that the range will be broken in either direction until the end of January.
The coming year will be exciting for Europe, and not only because of the readiness of the United Kingdom to start Brexit procedure. Germany and France are preparing for the elections, and if we consider that the political chances can provoke significant imbalance in the society and in the economy, then this factor is not reset from the accounts.


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