Those who have already traded today have probably noticed a real problem that we are having today. And that is a weak greenback.
Weak dollar has attracted everyone’s attention this morning and is attracting it at the moment. It is hard to think about anything else when you see the most important currency in the markets this weak and this failing.
Why is the greenback so low today? Well, it seems that in an attempt to ease up the trading situation in the world Donald Trump decided he is not going to impose more trading tariffs on China and is going to postpone them. But in doing so he has lifted the positive outlook of Chinese economy. A moment, that traders have been waiting for months has come. And trades took all of the opportunities they could see.
So, today’s hot topic – raising Asian economy and as a result falling dollar.
Will American currency recover? You are going to have to use your trading signals in order to find that out!