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Dollar Gaining Upside Momentum Outlook- August 24, 2014

Dollar Gaining Upside Momentum Outlook- August 24, 2014

6 Years ago | August 24, 2014 00:00:00


USD to Rise


Forex markets seem finally to be coming back to life as it seems that a substantial upside move in the U.S. currency has become more and more inevitable. Its hard to see how the key EURUSD relationship cannot work its way down into the 1.20's with the ECB in a monetary policy easing path and the U.S. preparing the markets for a policy tightening. European economic weakness could last for a good while because their basic problems are structural and not just cyclical.

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