Forecasting the direction of a currency exchange rate is never | ForexTime

Forecasting the direction of a currency exchange rate is never an easy job. Most investment banks had a solid conviction that the dollar would resume its downtrend in 2021. Trillions of dollars in stimulus packages, the Federal Reserve holding interest rates near zero, unlimited purchases of US Treasuries, rising US debt and deficit levels, improvement in pandemic management, and money continuing to flow to risk assets were all thought to be reasons for the dollar to weaken further this year.

Almost three months into the new year, the dollar has gained 1% against the Australian dollar, 3%... Read More (https://www.forextime.com/market-analysis/dollar-set-continue-its-advance)