USD: Trade Wars vs Strong Economic Fundamentals — The Battle Continues

US Dollar Index Probing the 200-Day Moving Average – Weekly Chart

USD Technical Analysis: DXY at Familiar Resistance Yet Again, Will it Hold?

In summation, the US dollar remains strong and will likely push further ahead although the path higher may be bumpy. Risk/reward suggests that dip-buying the USD against weaker counterparts remains the best way forward and, on the flip side, that short-selling the greenback may prove expensive.

Traders may be interested in two of our trading guides – Traits of Successful Traders and Top Trading Lessons – while technical analysts are likely to be interested in our latest Elliott Wave Guide.

— Written by Nick Cawley, Analyst

To contact Nick, email him at nicholas.cawley@ig.com

Follow Nick on Twitter @nickcawley1

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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