Dollar downtrend intact for now – City Index

Regardless of the US administration’s preference for a strong dollar, the greenback is set to maintain its downward trajectory until March

Under pressure: break of $1.28 and then $1.31 could open the door to $1.45 in EUR/USD


The dollar is set to retain its downward momentum until at least March, despite contradictory messages coming from the US administration regarding the government’s preference for a strong or weak greenback, says Kelvin Wong, chief technical strategist for Asia at City Index.

The dollar fell to a three-year low against the euro on January 25, while the dollar index dipped below 90 for the first time since 2014, following downward pressure from US Treasury

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