Analysts at CIBC, point out that the US Dollar on a wide perspective, measured by different indexes is stronger than prior peaks over the last five years, helping to slow exports and manufacturing. Key Quotes: “The slump in the ISM last week was accompanied by headlines that the trade war was hurting the US manufacturing sector. And while that’s true, manufacturing is also being impacted by the sheer strength of the US$, which is itself only partly a side effect of tariffs. On its broadest measure, the greenback is stronger than peaks reached earlier in the cycle, which on the first occasion in late 2015 also correlated with weak ISM readings. This time around, the added trade uncertainty has meant even further downside in export orders.” “So even if trade uncertainties fade, the US$ will also need to be broadly weaker to expect stronger manufacturing and export growth.” 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 Forex News Today: Daily Trading News share Read Next Chinese crypto mining giant Canaan Creative plans their IPO FX Street 4 years Analysts at CIBC, point out that the US Dollar on a wide perspective, measured by different indexes is stronger than prior peaks over the last five years, helping to slow exports and manufacturing. Key Quotes: "The slump in the ISM last week was accompanied by headlines that the trade war was hurting the US manufacturing sector. And while that's true, manufacturing is also being impacted by the sheer strength of the US$, which is itself only partly a side effect of tariffs. On its broadest measure, the greenback is stronger than peaks reached earlier in the cycle, which… 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.
