US Dollar Aims Higher on European Turmoil, Fed Outlook Rethink

DXY

US DOLLAR FUNDAMENTAL FORECAST: BULLISH

  • US Dollar may find boost from Brexit drama, Italy vs EU budget fight
  • PMI surveys may prompt rethink of dovish shift in Fed rate hike bets
  • US Thanksgiving holiday to drain liquidity into the end of the week

See our US Dollar forecast to learn what will drive prices through the end of the year!

Homegrown schedule event risk will be sparse in a holiday-shortened week ahead, leaving the US Dollar at the mercy of European politics once again. Liquidity will begin to drain ahead of market closures for Thursday’s Thanksgiving holiday and is likely to remain diminished into the weekend.

Heading into the holiday lull, crosscurrents from Europe are likely to remain in focus. In the UK, Prime Minister Theresa May is struggling to keep her job as eurosceptic members of her own Conservative party balk at the Brexit deal she negotiated with the EU.

If she is deposed and her accord with Brussels torn up, the probability of a chaotic “no-deal” Brexit will soar because there is almost certainly

Article source: https://www.dailyfx.com/forex/fundamental/forecast/weekly/usd/2018/11/16/US-Dollar-Aims-Higher-on-European-Turmoil-Fed-Outlook-Rethink.html

US Dollar Aims Higher on European Turmoil, Fed Outlook Rethink

DXY

US DOLLAR FUNDAMENTAL FORECAST: BULLISH

  • US Dollar may find boost from Brexit drama, Italy vs EU budget fight
  • PMI surveys may prompt rethink of dovish shift in Fed rate hike bets
  • US Thanksgiving holiday to drain liquidity into the end of the week

See our US Dollar forecast to learn what will drive prices through the end of the year!

Homegrown schedule event risk will be sparse in a holiday-shortened week ahead, leaving the US Dollar at the mercy of European politics once again. Liquidity will begin to drain ahead of market closures for Thursday’s Thanksgiving holiday and is likely to remain diminished into the weekend.

Heading into the holiday lull, crosscurrents from Europe are likely to remain in focus. In the UK, Prime Minister Theresa May is struggling to keep her job as eurosceptic members of her own Conservative party balk at the Brexit deal she negotiated with the EU.

If she is deposed and her accord with Brussels torn up, the probability of a chaotic “no-deal” Brexit will soar because there is almost certainly

Article source: https://www.dailyfx.com/forex/fundamental/forecast/weekly/usd/2018/11/16/US-Dollar-Aims-Higher-on-European-Turmoil-Fed-Outlook-Rethink.html

US Dollar Aims Higher on European Turmoil, Fed Outlook Rethink

DXY

US DOLLAR FUNDAMENTAL FORECAST: BULLISH

  • US Dollar may find boost from Brexit drama, Italy vs EU budget fight
  • PMI surveys may prompt rethink of dovish shift in Fed rate hike bets
  • US Thanksgiving holiday to drain liquidity into the end of the week

See our US Dollar forecast to learn what will drive prices through the end of the year!

Homegrown schedule event risk will be sparse in a holiday-shortened week ahead, leaving the US Dollar at the mercy of European politics once again. Liquidity will begin to drain ahead of market closures for Thursday’s Thanksgiving holiday and is likely to remain diminished into the weekend.

Heading into the holiday lull, crosscurrents from Europe are likely to remain in focus. In the UK, Prime Minister Theresa May is struggling to keep her job as eurosceptic members of her own Conservative party balk at the Brexit deal she negotiated with the EU.

If she is deposed and her accord with Brussels torn up, the probability of a chaotic “no-deal” Brexit will soar because there is almost certainly

Article source: https://www.dailyfx.com/forex/fundamental/forecast/weekly/usd/2018/11/16/US-Dollar-Aims-Higher-on-European-Turmoil-Fed-Outlook-Rethink.html