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US Dollar Continues to Fall as Market Fears of Trade War Heighten

Last week’s high: $1.4321

Yesterday’s low: $1.3845

USD Drops as Markets Fear Trade War

The focus of last week was on Davos, where the World Economic Forum (WEF) was holding its annual gathering. Donald Trump was the first US President to attend and address the delegates in 20 years, but his speech – and earlier briefings from his treasury and commerce secretaries – only served to increase market fears of a trade war as the US implements greater protectionist policies.

USD Outlook: Volatility Likely as FOMC Rate Decision Approaches

There is little chance that the US Federal Open Market Committee (FOMC) will opt to hike interest rates in this meeting, but bets are already strong that we will see borrowing costs raised in March. If the FOMC gives any indication that this is likely USD may finally be able to break its losing streak.

Key Events

29 January

13:30 USD PCE Core (YoY) (DEC)

 

30 January

15:00 USD Consumer Confidence Index (JAN)

 

31 January

19:00 USD FOMC Rate Decision (Upper Bound)

 

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To keep up to date with the US Dollar, visit the USD blog in our Currency News section.

Arron Morris
Senior Currency Broker
T: 01442 892 065

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