28 March 2019 : Even as markets heed the Fed’s dovish tone and have ramped up expectations of a US rate cut as soon as September, the Dollar Index has repeatedly tried to break above the 97.0 handle.

Although the Dollar has been resilient in recent months, it may be time for bulls to throw in the towel as concerns mount over the health of the US economy. With the US Treasury yield curve inverting at the start of the week, warning lights are flashing over the largest economy in the world potentially entering a recession. These lingering fears are likely to dampen appetite for the Dollar as investors park their money elsewhere.

Should there be further confirmation of the largest economy in the world cooling or the Fed remaining firmly dovish, the Dollar may lose its grip on the throne.

Reporting for EasyKobo on Thursday , 28 March 2019 in Lagos, Nigeria

Source: Lukman Otunuga, FXTM Research Analyst