WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com

您当前语言与浏览器默认语言不一致，是否切换？

切换

Global Broker Regulation & Inquiry App

Broker Search

English

简体中文

繁體中文

English

Pусский

日本語

ภาษาไทย

Tiếng Việt

Bahasa Indonesia

Español

हिन्दी

Filippiiniläinen

Français

Deutsch

Português

Türkçe

한국어

العربية

Download

Home -

Original -

Main body -

WikiFX Express

Seven Common Trading Mistakes

FX Daily: Dollar boom

WikiFX

| 2022-04-28 17:30

Abstract：The dollar is booming. Some trade-weighted measures of the dollar are now close to the highest levels since 2002. The 2022 dollar boom may well turn into a bust in 2023, but we are a long way from calling a top in the dollar now. For today, USD/CNY trading above 6.60, a dovish BoJ, the European gas crisis, and some modest 1Q GDP growth should all keep the dollar bid

USD: Dollar booming in 2022, bust in '23？

It is hard to see this environment changing in the next six months, meaning that this dollar boom looks set to continue. DXY closing above the 104 area could also add fresh momentum to the move. But the Achilles Heel of this dollar rally is that the strong dollar and strong domestic demand are sucking in imports and widening the trade deficit. The US posted an advanced goods trade deficit for March at US$125bn - yes, US$125bn. That is a new record. One developing narrative is that rather like the 1980s, Fed efforts to stamp out inflation send the dollar through the roof and the 2022 dollar boom turns into the 2023 dollar bust if, as we suspect, the Fed might be cutting rates by the end of '23. For now, the dollar boom will very much be the story.

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

Long Short Asian session G7 G8