The US dollar gained ground this month on a growing expectation that the US economy will lead the global recovery in 2021. Currently, the DXY index trades at 92.0 compared to 91.0 on 5 February, having peaked at 92.5 in between. Economists at Westpac believe in the US and the dollar strengthened further this month but continue to think the USD upturn will prove transitory. Key quotes “Our core view remains that the recovery in global growth will be greater in scale and longevity than that seen in the US, seeing DXY fall back through the 91.0 level of 5 February by December 2021, to just below 88.0 towards the end of 2022.” “Currently, the growth differential between the US and DXY constituents is heavily in favour of the US, particularly for euro.” “Immediate market expectations for growth are similarly skewed towards the US; but the US stimulus that is driving both actual and expected outcomes is heavily front-loaded in 2021, after which US growth prospects become more uncertain.” “From their current lows, Europe’s prospects with respect to both the virus and economic activity should strengthen materially from mid-2021, with momentum sustaining into 2023 on the back of stimulus targeting investment and employment as well as the wider global recovery.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD: New lows in sight as US bond yields rise FX Street 1 year The US dollar gained ground this month on a growing expectation that the US economy will lead the global recovery in 2021. Currently, the DXY index trades at 92.0 compared to 91.0 on 5 February, having peaked at 92.5 in between. Economists at Westpac believe in the US and the dollar strengthened further this month but continue to think the USD upturn will prove transitory. Key quotes "Our core view remains that the recovery in global growth will be greater in scale and longevity than that seen in the US, seeing DXY fall back through the 91.0 level of 5… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.