High US interest rates and strong growth have kept the dollar elevated against everything from the euro to the yuan, entrenching its dominance across the $7.5 trillion-a-day foreign-exchange market. The prospect of further gains in the greenback is likely to put other nations on guard and may fuel another round of intervention to prop up their currencies. China, which is already in the cross-hairs for trade tariffs from the US, may be particularly vulnerable, strategists say. Any new headlines on currency practices could further hurt the yuan. DBS: “Increased US scrutiny on currency policies could pressure countries to allow more FX appreciation against the dollar. If there are perceptions of allowing the currencies to weaken in the event of US tariffs in future, then this could raise the currency manipulation question again”
To Profit From This News, Contact us today, and let us demonstrate how we can elevate your portfolio to new levels
AlgoTrader 