http://www.forexconspiracyreport.com/are-the-bears-going-to-eat-the-dollar/
Are the Bears Going to Eat the Dollar?
The dollar may have seen its best days after a nice run up. The promise of an American economic boom, higher interest rates and money pouring into the USA helped drive the dollar up. Now it appears that the boom may be postponed along with Trump’s economic agenda and the Fed will be taking its own sweet time raising interest rates. It is no wonder as Bloomberg says that investors are turning bearish on the dollar.
Dollar bears are back from the wilderness. The currency slid to the lowest since November on Wednesday, and options show investors are becoming more pessimistic on the greenback versus the euro and yen. The dollar has almost erased its gains from the so-called Trump Trade, as pro-growth policies from the presidential administration have yet to materialize. UBS AG’s wealth-management unit recommended selling the dollar against the euro, and JPMorgan Chase & Co., the world’s second-biggest currency trader, advised clients to ditch bullish bets in the short term.
Are the bears going to eat the dollar or just take a few bites before moving on? In other words what is the longer term forecast for the greenback?
Better Outlook for the Long Run
The EconoTimes writes that while the dollar is weakening in the short term the long term outlook is upbeat. They cite various economic indicators which make the point that things are not all that bad for the dollar.
What Does the Fed Think?
The U.S. Federal Reserve raised rates which fact means that they think the economy is gradually recovering. What the Fed does is data driven and job gains and firming inflation increased their confidence in higher rates.
4. http://www.forexconspiracyreport.com/are-the-bears-going-to-eat-the-
dollar/
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