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Trying to understand what Trump really wants- USD index (USDX) in focus here (part 2)

So, the dollar index (USDX) is still mostly trading back below the 100 handle this week. It did edge above that level briefly yesterday, when the EUR/USD dipped below the 1.13 handle, but for the most part it has remained a level to be vaulted in any kind of sustained way. Looking at an ultra-long term chart (10 year weekly) we find a major technical support level in place at 98.98. The low seen last week on April 11 was set at 99.01. So, as you can see, it came within an inch of that level and the recovery since is far from conclusive. So, the risks of a deeper fall below 98.98 remain live. Looking closely at that longer term chart of the dollar index it does not look too clever right now and  the risks of a much deeper fall are not to be dismissed. If that is what the Trump administration wants to achieve, then they have gone about it quite well so far. What we have also seen in recent days is sizeable option protection to hedge against a weaker dollar and that is perhaps the only way forward for those non-US investors to keep hold of any US assets. The dollar is in a spot of bother folks, as noted here before and leaving aside interim swings, it seems Trump is happy to see it fall. Have we heard one single comment from any US official (outside of the Fed) to suggest they want the dollar to rebound? Not yet folks, not yet. The USD index is right now at 99.87

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