2019 Forex Market Forecast!
- 1 January 2019
Brought to you by
Kathy Lien and Boris Schlossber
Will the US Dollar Crumble in 2019?
2018 was a phenomenal year for the U.S. dollar.
The trade weighted Dollar Index appreciated nearly 5% and
is up more than 9% from its low in February. Emerging market currencies were hit the hardest by the rise in
the dollar but major currencies like the Australian dollar also lost 9.5% of its value.
And now the good times
are over. In the past 2 months we’ve seen zero forward momentum. Instead the tide has shifted with the
dollar falling against all of the major currencies. As 2019 begins, the big question is whether the greenback will
unwind all of
its 2018 gains. That’s a tall order but pairs like USD/JPY were down for the year and many are
not far from their beginning of 2018 levels. Either way, 2019 will be a challenging one for the U.S. economy
and the U.S. dollar as America’s longer ever expa
nsion comes to an end.
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