Negative signal for the dollar | 25 May 2021

25 May 2021, GBP/USD

Negative signal for the dollar

GBPUSD trading plan:

The dollar languished near four-month lows against major currencies, as bets on a robust global economic recovery continued to support currencies seen as riskier. Since the end of March, the greenback, seen as a safe-haven trade, has retreated steadily with optimism about the recovery. But lately that move down seems to have slowed as investors begin to anticipate higher U.S. interest rates coming when the U.S. Federal Reserve reacts to signs of increasing inflation. Yields on benchmark U.S. 10-year Treasuries yield fell to 1.6%.This is a negative signal for the dollar!

Investment idea: buy 1.4135 and take profit 1.4206.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus