- Deutsche Bank (DE:DBKGn)''s Alan Ruskin and George Saravelos expect the three factors behind the U.S. dollar's rally--strong U.S. data, Italian politics, and China's slowdown--starting to ease the upward pressure on the dollar, Bloomberg reports.
- Recent U.S. data show some loss of growth momentum, Italy's long-term treasury bonds' risk profile has become more reasonable, and China's policy should feed growth into H1 2019, they say.
- Goldman strategists agree and say good U.S. economic news is already priced into the dollar. If global growth stabilizes--a big "if"--the dollar may begin to trade softer.
- The U.S. Dollar Index is little changed, down 0.04%, at 94.72.
- The euro is up 0.14% against the U.S. dollar, trading at €0.8552 per dollar, while the Chinese yuan is up 0.2% against the greenback at 6.8 yuan per dollar.
- Dollar ETFs: UUP, UDN, USDU
- Euro ETFs: FXE, EUO, ERO, DRR, ULE, EUFX, URR, DEUR, UEUR
- Now read: Bullish And Bearish Factors For The U.S. Dollar
Original article