20 June 2019 : Appetite towards the Dollar is weakening at lightning speed on market confidence that the Federal Reserve will be cutting interest rates. This can be seen in the Dollar Index (DXY), which is trading below 97. The DXY is likely to sink towards 96.50 in the near-term as investors attack the Dollar.
Weakness in the USD will mean a coordinated round of strength for currencies across the world.
Source : Lukman Otunuga, FXTM Research Analyst
Reporting for EasyKobo on Thursday , 20 June 2019 in Lagos, Nigeria