What awaits the US dollar in the long term.
The dollar remains one of the most popular world currencies, the attention of traders has been focused on the US dollar for decades.It is this currency that acts as one of the components in most of the currency pairs, so it is extremely important to wait for what awaits it when planning long-term transactions.
The latest presidential election has created a picture of a long-term strengthening of the dollar, with most analysts calling for an upward trend in 2017.
The forecast was based on plans to improve the business climate, protect domestic producers and reduce social costs.
But the situation is rather ambiguous, since if we analyze the latest data, we can say that the economic situation in the European Union, Japan and Russia is gradually improving, while at the same time China is slowing down the rate of economic growth.
At the same time, one can expect a stable upward trend in such currency pairs like dollar/yen, dollar/Mexican peso, dollar/Australian dollar.
Therefore, it makes sense to work with these instruments, making transactions in the direction of buying the dollar.
At the same time, we should not forget that we are talking about long-term operations; in the short term, there may be both an upward and downward trend.