US Dollar Strengthens after Dry Spell: Can It Continue?

us dollar strengthens after dry spell can it continue
US Dollar Strengthens after Dry Spell: Can It Continue?

In August, the dollar came under pressure due to President Trump’s criticism of the Fed’s interest rate hikes as well as political uncertainty in the United States. The most recent speech by Fed chair Jerome Powell was slightly dovish (TLT), which led to a further slump in the dollar and a surge in gold. Year-to-date, the US dollar has gained whenever trade tensions have escalated and has weakened when trade tensions looked to be easing.

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