cf. [EUR]Strong Greenback 2018 1031
On last Wednesday, November 7, US dollar index fell but it showed the support line at 95.76 in four-hour chart. The index continued its rally breaking 97 again and the long bias to USDX seems to be still available.
The circumstance around the currency market is friendly to US dollar. GDP growth of euro zone is lower than that of United States, and EU refused the budget plan of Italy and requested the adjusted plan. Italy authority should submit the budget plan till Tuesday. The expected Euro zone's GDP growth is adjusted 2.0 percent to 1.9 percent.
Economy growth in next year is not clear. Economy institutes predict 2.5 percent of U.S. GDP growth and China, one of G2 would record GDP growth to be 6.2 percent, lower than tentative 6.6 percent in this year. It is reportedly central banks in economy major countries buy gold and expect the fall of greenback.
In short term, U.S. dollar index will rise, it may face the correction in long term, next year.
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Gjallarhorn, Heimdallr, EUR/USD, EUR, Euro, 걀라호른, 헤임달, 유로/달러, 유로화
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