I would not be surprised to see a short-term correction of the dollar. Strong Japanese economic data could be used as an excuse to buy back the yen.
Strong economic indicators will reinforce the view the Fed will continue raising rates. The dollar-bullish trend will likely continue this week.
The dollar-bullish trend will likely continue this week. Strong economic indicators will reinforce the view the Fed will continue raising rates.
Market players are sensing the U.S. may be scaling back their commitment to a strong dollar. I think the dollar is basically falling in the near future.
Amid the prevailing dollar-bearish sentiment, strong data in Germany could surely push up the euro again. Should the index rise more than expected, it will certainly raise expectations for ECB rate hikes.