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Dollar is left down with no one intersted in it

Dollar is left down with no one intersted in it

Performance of the US dollar against the basket of six major rivals are turning our heads are but once again. Although it seems that the greenback was going to lay low these day it is still moving and demonstrating its uneven preference as hard as it can.

We are now looking at a currency that lacks attention. Yesterday we turned to Asian markets and saw the greenback fall flat and today everyone is talking about two things and both of them are connected with Donald Trump.

First is his tweet that read “Oil prices getting too high. OPEC, please relax and take it easy. World cannot take a price hike - fragile!”. Of course the industry couldn’t have left outside of reaction and todays’ process for oil are dropping down. We now have the possibility to see a perfect example of how Trump influences the state of the market.

The second thing that we all are waiting for is US-North Korea summit that is going to start later today. Last time it was a historic event and right now Donald Trump is about to make history once again by have a second meeting with North Korean leader Kin Jong Un.

And so, dollar is left ot be by itself. No traders want to turn to it until they have a possibility to trade with something else.

Will the situation changes in the nearest future? Use your trading signals to see!

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