With the euro briefly falling below parity with the US dollar (where 1 euro = 1 dollar) last week, Trendsignal’s founder and Chief Market Analyst, Jerry Miller, looks at what is driving the dollar’s current strength.
Safe-haven flows in a world still anxious about the geopolitical situation with Russia and the Ukraine; China’s weakening economic growth due to its zero-Covid policy and resulting lockdowns; the Fed’s desperate attempt to stamp out inflation by hiking interest rates; these and more are all attracting international capital and sending the dollar higher and higher.
What does it all mean for other markets and your money as a trader? Watch Jerry’s analysis to find out…
