Makes Little Sense to buy the US Dollar at these Levels
- Forex seasonality shows it’s not a good idea to buy a Friday high
- Forex volatility prices warn that traders aren’t impressed with the Dollar rally
- Interest rates haven’t followed through on post-Federal Reserve surge
The US Dollar likely set a significant low versus major counterparts, but we see a key number of reasons why it doesn’t make to sense to buy it at these levels.
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com David specializes in automated trading strategies. Find out more about our automated sentiment-based strategies on DailyFX PLUS.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.