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September, 17 - will USD fall?

Today the safe haven status of the greenback is at its most obvious in the last several weeks. Despite the fact that it is USA that stir up the situation in the world right now, traders are still willing to support the currency carried by the country that has been the source of so many troubles in the past and right now as well. After yesterday’s breakout of oil, we never though that the greenback was going to get enough attention to keep on with the growth, but it seems that the general unstable situation in the world is doing good for the wellbeing of the currency.

 

usd 17.09.2019

 

It seems that the general political and economic climate of the world are driving traders closer and closer to USD. And it seems that no matter what USA are going to do now, there is no way that USD shall fall. That is, of course if the USA are not going to further push and heat up the military strength of themselves. Tensions between the USA and Saudi Arabia are getting to us after all and right now there is a very high chance that USD is going to demonstrate weakness. Of course some of that is on traders’ community. If there is a reason for the selloff, I am sure we are not going to miss it as well as the opportunity to buy assets that should grow against the greenback.

 

To know what to do, use our trading signals.

 

 

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