Categories
Uncategorized

US Dollar Drops to a Three-Year Low, Greenback Could Dip 10% Lower, Fed Still Not Ready to Taper QE

Technology Manias – EᐯEᖇYTᕼIᑎG YOᑌ ᑎEEᗪ IᑎᗪEEᗪ

America’s currency has been flirting with lows again, as the U.S. Dollar Index (DXY) dropped to a low of 89 on Tuesday and the following Thursday. This is the third time since April 2018, the DXY has been this weak, and some analysts think the currency could drop even lower. US Dollar ‘Is a Bit Extended,’ RSI Levels Indicate ‘Oversold’ Territory Analysts and economists have been concerned about the U.S. dollar during the last year, after Covid-19 guidelines shook the global economy and wreaked havoc on the supply chain. Following…

The post US Dollar Drops to a Three-Year Low, Greenback Could Dip 10% Lower, Fed Still Not Ready to Taper QE appeared first on Technology Manias.

Leave a Reply

Your email address will not be published. Required fields are marked *