Dollar's Cyclical Powers Return: HSBC
- Category: USD
The dollar has rediscovered a powerful source of support: the U.S. economy.
Foreign exchange market snapshot at the London open.
Week-ahead forecast: The balance of probabilities favours further downside pressure while GBP/USD remains below its 21-day and 100-day moving averages. The dollar is pushing ahead on Monday, helped by the tailwinds of Friday's bumper jobs report and an escalation in the Middle East conflict.
The prospect of a more enduring dollar advance has risen materially.
