The US dollar remains under pressure

The US dollar is trading under pressure amid statements by the representative of the Fed Kashkari. Kashkari noted that it is wrong to raise interest rates at a time when inflation remains too low, since with weak inflation, an increase in the rate of the Fed may threaten by a recession. It also remains unclear whether the tax reform will have a significant impact on the growth of the US economy.

Against the background of these statements, the US dollar index declines, while losing all the earned positions on Friday.

Fig. Graph of the US dollar index. The current price of DXY is 93.455.

Alexander Sivtsov