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US Dollar Remains a Force to Reckon With; Analysts Wary of US Currency's Strength: Reuters Poll

From money.usnews.com

A resurgent dollar is more likely to stay strong than not over the coming months, according to foreign exchange strategists polled by Reuters, as markets reassess how soon the Federal Reserve may cut interest rates. Bucking a brief downward trend that started late last year, the dollar index gained nearly 2.0% in January alone. Various Fed officials pushed back on rampant market speculation for a rate cut in March, with the probability now down to less than 20% from a peak of around 90%, according to rate futures. A blowout U.S. jobs report for January, clear hints from the U.S. central bank after the end of a policy ... (full story)

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  • Category: Fundamental Analysis