As of Tuesday, October 17, the us dollar has strengthened its position in the auction and even moved up to a weekly maximum of 93.729. DXY. The situation is understandable, economists believe. This situation is justified by several factors.
First, the presidential administration has engaged in active promotion of the new tax plan, which should have a positive impact on business in the United States. Besides, the President promised that tax reform will be held by the end of this year.
Second, the performance of the Federal Reserve Bank of new York was convincing enough for the current week. Price indices for exports and imports has increased significantly (even more than expected forecasts).
Third, the tension between the US and North Korea weakened, allowing with optimism to look in the distant future.
Well, the most important, according to experts, President trump has finally chosen a candidate to head the Federal reserve. The head of state said on Monday that after the expiration of the term of current fed Chairman Janet Yellen wants to see on this post of John Taylor.
If the situation will continue to remain stable, the dollar will continue to rise and, quite possibly, will return to its old positions.
