Dollar hovers above 97.50. Crowned as King for the week, but for how long?   


08 May 2019 : The US Dollar Index (DXY) has held steady around the 97.50 levels so far this week amid heightened uncertainty over US-China trade tensions.

Although the Dollar remains King of the currency space this week amid market uncertainty, the question remains for how long? Market players will be keeping a very close eye on trade talks in Washington this week, as any development on this front could spark volatility amid the fragile sentiment. Dollar bears are likely to enter the scene if trade tensions ease and both sides end up finding a middle ground on trade this week.


Source: Lukman Otunuga, FXTM Research Analyst


Reporting for EasyKobo on Wednesday , 08 May 2019 in Lagos, Nigeria


Copyright @ 2010-2019 Easykobo.com by Naija infotech & solar energy ltd. All rights reserved