Negative signal for the dollar | 25 Mei 2021

25 Mei 2021, GBP/USD

Negative signal for the dollar

GBPUSD trading plan:

The dollar languished near four-month lows against major currencies, as bets on a robust global economic recovery continued to support currencies seen as riskier. Since the end of March, the greenback, seen as a safe-haven trade, has retreated steadily with optimism about the recovery. But lately that move down seems to have slowed as investors begin to anticipate higher U.S. interest rates coming when the U.S. Federal Reserve reacts to signs of increasing inflation. Yields on benchmark U.S. 10-year Treasuries yield fell to 1.6%.This is a negative signal for the dollar!

Investment idea: buy 1.4135 and take profit 1.4206.

David Johnson
Analyst of «FreshForex» company
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