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October, 17 - how is USD doing?

 

 

We have been so preoccupied with the pound and Brexit that we have totally been ignoring dollar – the main world currency and the main benchmark of economic stability. And there is plenty to watch in the recent dollar performance, believe me. After all, USA are tangled into the trade talks with China at the moment – an act that can restore world economic growth pace as well as give us more hope on the future of trading.

 

usd 17.10.2019

 

So, we are looking at USD right now. And as we can see it is doing just fine today. We are getting a lot of news that Donald Trump is getting all ready to sign the trade deal between China and America or at least the first phase of the deal. Of course this can’t help but surprise us all as Trump was the one who started the trade war in the first place all due to the trade deficit that he deemed unfair. Maybe it all has something to do with the impeachment inquiry and we are now going to be able to see something adequate from Trump. Well, it is possible that all the traders in the world are thinking that as USD seems to be doing just fine even with its future being awfully uncertain at this point in time.

 

We hope that the growth and the falls of USD is not going to hurt other currencies though.

 

No matter the situation with USD, it is better to always use trading signals.

 

 

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