The US currency consolidated during the past week and the same should happen during the last week of August and ahead of the Labor Day holiday.* The geopolitical pressures have (officially) alleviated, but all eyes should remain on commodities.* The dollar remains overbought in the short term, but any corrective decline this week should be brief and shallow.* This is because most of the market missed buying dollars on July 22 and is waiting for the second chance.


Retrouvez d'autres analyses sur les taux de change dans la rubrique analyse forex du site Trader-Forex.