{"id":157504,"date":"2019-10-14T10:45:55","date_gmt":"2019-10-14T14:45:55","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=157504"},"modified":"2019-10-14T07:24:35","modified_gmt":"2019-10-14T11:24:35","slug":"usdidx-analysis-the-us-dollar-has-suffered-on-a-backdrop-of-lower-global-risks","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/10\/usdidx-analysis-the-us-dollar-has-suffered-on-a-backdrop-of-lower-global-risks\/","title":{"rendered":"USDIDX Analysis: The US dollar has suffered on a backdrop of lower global risks"},"content":{"rendered":"
October 14, 2019<\/div>
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By IFCMarkets<\/a><\/strong><\/p>\n

The US dollar has suffered on a backdrop of lower global risks<\/strong><\/p>\n

Progress in US-China trade negotiations and Brexit conditions caused a weakening of the US dollar. Will the USDIDX index quotations <\/a> continue falling?<\/p><\/blockquote>\n

The US dollar was previously viewed as a currency of refuge against the backdrop of global trade risks. Bloomberg said on Friday that negotiations between the US and China are very successful. US President Donald Trump said a deal with the PRC will not require Congressional approval. EU officials said they would continue to work with the UK to avoid a \u201crough\u201d Brexit. Investors hope to sign an agreement before the country’s exit from the EU, scheduled for October 31, 2019. This helped strengthen the euro and the pound and lower the USDIDX. An additional negative for the dollar is the expectation of a Fed rate cut at the next meeting on October 30.<\/p>\n

\"USDIDX\"<\/p>\n

On the daily timeframe the USDIDX: D1<\/b> broke down the support line of the uptrend. Various technical analysis indicators formed a downtrend signal. Quotations reduction is possible in case of publication of negative data on the US economy.<\/p>\n