USD Index Break OUT 2 Years Channel

17 November 2016, 18:57
Muhammad Elbermawi

USD Index Break OUT 2 Years Channel!

Chart USDIndex, W1, 2016.11.17 17:52 UTC, WorldWideMarkets Ltd., MetaTrader 4, Real

The U.S. dollar rose against its major rivals on Wednesday, with a key index of the currency hitting its highest level in 13 years as the greenback’s post-election rally continued.

The dollar has been on a sharp upward trajectory since the U.S. election as markets price in their expectation that a Trump administration would boost fiscal spending, stoke inflation, and increase government debt. The yield on 10-year U.S. Treasury has jumped, part of a global selloff of bonds, also helping lift the U.S. currency.

Share it with friends: