The last week of March – is probably the fall of the dollar

2019-03-23

The trend has begun to weaken the dollar. It will probably be long term. The reason – the US Federal Reserve refused to raise interest rates in 2019. The rate was left at 2.5%.

In Beijing, on March 27-28, the eighth round of China-US trade negotiations will take place. The PRC wants firm guarantees of the abolition of increased duties before the final meeting with Donald Trump, who, on the contrary, promised to restore sanctions in the near future. If the trade negotiations do not end by the end of the week by announcing the date of the summit, this will reinforce the fall of the dollar.

A new situation with Brexit can slow the dollar down or cancel it – if the English Parliament chooses the option of leaving the EU next week without a deal.

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