Experts forecast a rise in the US Dollar Index for the month of June. Find out more:
Let us look at the relevant data of currency price changes and interest rates to date, which we compiled using a trade-weighted index of the major global currencies:For the month of May, I forecasted that the US Dollar Index would rise in value. Unfortunately, it fell during that month by 0.64%.
June 2022I make no weekly forecast this week, as there were no unusually strong counter-trend price movements in the Forex market last week., with 44% of all the important currency pairs or crosses moving by more than 1% in value. Directional vLast week was dominated by relative strength in the US Dollar, and relative weakness in the Japanese Yen.
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