Today appears to be a pivotal day for the resumption of the dollar’s uptrend, although there may also be some dollar selling in the short term
Various factors have emerged in favor of a stronger dollar, such as unexpectedly strong U.S. employment data from last week, Fed Chair Powell’s denial of market expectations for a rate cut in March, better-than-expected ISM data, and the OECD’s interim world economic outlook highlighting the strength of the U.S. economy. Amidst these developments, the Australian […]