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Dollar Index points to further weakness for greenback

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 7, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The dollar has had a volatile few days. Following the publication of the poor monthly US jobs report on Friday, it initially fell sharply before rebounding equally strongly – most notably against the yen. The USD/JPY’s v-shaped recovery can be explained away by the positively-correlated stock markets which have rallied significantly on hopes that the Federal Reserve will now delay raising interest rates until at least the start of next year in order to support the weakening economic recovery.

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