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U.S. Dollar Sees Safe-Haven Demand and Hits 6-Week High

October 2, 2018 by Jim Wyckoff

The U.S. dollar index is a basket of six major world currencies stacked up against the greenback. The USDX has surged to a six-week high this week, on safe-haven demand amid worries about Italy’s financial and economic condition, and on the bullish impact on the U.S. economy from the U.S.-Mexico-Canada trade agreement. Now, it appears the USDX will soon challenge the summertime high. Stay tuned!

Filed Under: Blog News, Jim's Morning Report, Uncategorized

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