The dollar looks stronger than its rivals | 29 Septiembre 2023

29 Septiembre 2023, EUR/USD

The dollar looks stronger than its rivals

EURUSD trading plan:

The 'dollar smile' can be a blessing, or a curse. Right now, with the dollar's boom being driven by a destabilizing surge in U.S. bond yields, heightened uncertainty over global growth and rapidly deteriorating investor sentiment, it is definitely the latter. The gist of the 'dollar smile' theory is this: the dollar typically appreciates in good times (booming investor confidence and roaring markets) and bad (times of great financial stress and 'risk off' markets), but sags in between. U.S. economic outperformance in a solid global expansion attracting strong investment inflows into U.S. assets, and Treasury yields higher than their international peers is a recipe for strong dollar.

Investment idea: sell 1.0610 and take profit 1.0489.

David Johnson
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.