After the GBP the USD is the second-worst performing G10 currency in the month to date. Economists at Rabobank expect choppy trading conditions for the USD and forecast EUR/USD and USD/JPY moving between a 1.17-20 and 108-100 range respectively. Profit-taking on long USD positions has been favoured “While profit-taking is perhaps inevitable after a strong move in prices, the fundamentals behind the USD remain significantly better than at the start of the year. The strength of the fiscal spending from the Biden Administration and the optimism surrounding the US’s vaccine roll-out has shifted confidence in the outlook for the US economy, particularly given the disappointments over the vaccine roll-out in the EU and in Japan.” “In the months ahead, we expect choppy conditions in G10 markets with EUR/USD potentially trading a 1.17 to 1.20 range and USD/JPY potentially moving in a 108 to 110 range.” 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 USD/CHF trades with modest gains below mid-0.9200s, lacks follow-through FX Street 2 years After the GBP the USD is the second-worst performing G10 currency in the month to date. Economists at Rabobank expect choppy trading conditions for the USD and forecast EUR/USD and USD/JPY moving between a 1.17-20 and 108-100 range respectively. Profit-taking on long USD positions has been favoured "While profit-taking is perhaps inevitable after a strong move in prices, the fundamentals behind the USD remain significantly better than at the start of the year. The strength of the fiscal spending from the Biden Administration and the optimism surrounding the US's vaccine roll-out has shifted confidence in the… 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.
