The rising USD continues to … rise still.
EUR/USD is circa 1.0555 and at its lowest since November last year.
The Federal Reserve appears to be on track for a December rate cut but its not bothering dollar bulls, taking their cues from the world of politics dollar-bostering Trump policies. Trump, of course, won’t in the big chair until after January 20 but markets discount the future. Or what they expect in the future anyway. And that’s a stronger dollar for now.
This article was written by Eamonn Sheridan at www.forexlive.com.
