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| US DOLLAR INDEX (DXY) As of 2.05.16 |
The market's volatility has kept investors, traders and analysts on their toes has price swings have been fixated on stocks and oil market price swings. Nonetheless, the FED's remarks on global uncertainty was the main catalyst that triggered the initial decline which was followed through with enough momentum for the USD to set a "NEW LOW" @96.25 as of the closing week of Feb. 05, 2016.
It is a fair assessment that the registered high of 2015 for the US Dollar Index (DXY) is well in place. Unless a renewed confidence would be clear to the market for a continuing rate increase; this price level would be the benchmark for the high on the USD. Although, a slight increase of 53% reported last Friday can well be sustained if and whenever the FED would do so in their next three meetings. Then the continued strength of the USD may likewise add pressure to the US economy.
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