JP Morgan Expects the USD Dollar Index, DXY, to Fall by 5.7% in the Next 12 Months

JP Morgan expects the USD dollar index, DXY, to fall by 5.7% in the next 12 months

Growth to be quicker nearly everywhere else

Countries Where the American Dollar Is Strong Right Now

The U.S. dollar still goes a long way in these places.

The American dollar index (DXY) returns above 98.00 while investors digest the truce in the Middle East - World Stock Market

The dollar cuts previous losses as optimism on the high fire in the Middle East is faded. The president of the FED, Powell, maintained a cautious posture towards the cuts of fees in his testimony before the Congress. A pessimistic consumer confidence survey undermined the confidence in Powell’s hard line position. The US dollar is quoted with slight profits on Wednesday, cutting losses after a drop of almost 1.30% in the previous two days. The m…