Dollar Maintains Strong mid Rebound, Still Not in a Long-Term Correction

Azeez Mustapha



Select a Plan


 1-month subscription



 3-month subscription



 6-month subscription



 lifetime subscription



 Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored


Service for copy trading. Our Algo automatically opens and closes trades.


The L2T Algo provides highly profitable signals with minimal risk.


24/7 cryptocurrency trading. While you sleep, we trade.


10 minute setup with substantial advantages. The manual is provided with the purchase.


79% Success rate. Our outcomes will excite you.


Up to 70 trades per month. There are more than 5 pairs available.


Monthly subscriptions begin at £58.

The dollar rose substantially last week, supported by the FOMC’s surprise hawkish expectations. On a severe selloff in markets, the yen came in second, while the euro came in third. The weakest performers were commodity currencies, with the Australian dollar leading the way, followed by the New Zealand Dollar. The Swiss Franc, on the other hand, was one of the weakest currencies.

Nonetheless, unless the economy and health conditions demand a rate hike by the Fed next year, the Dollar will likely continue to move in the opposite direction of risk appetite. For the time being, we are just seeing a medium-term correction in equities, rather than a long-term decline.

Last week’s FOMC rate prediction was substantially more hawkish than projected. The Federal Reserve now expects two rate rises in 2023. Furthermore, 7 of the 18 policymakers had planned one or two raises in 2022. With a few more months of solid GDP and inflation data, the tide could easily shift toward a raise next year. The news triggered a big gain in the dollar and a sharp selloff in stocks towards the end of the week.

Financial Markets Show the Dollar Continues To Gain

In the prior week, the dollar continued to rise, achieving its greatest weekly performance of the year. The surge was a continuation of the post-Fed bounce when the US central bank surprised investors by bringing forward the possibility of rate hikes to 2023.

Stocks in Europe and the United States sank, putting pressure on high-yielding currencies. Even though US government bond yields have continued to fall from post-Fed highs, the dollar rally has continued. The 10-year US Treasury note yielded 1.44 percent at the end of the week.

The EUR/USD exchange rate finished at 1.1860, while the GBP/USD is trading around 1.3800, both around two-month lows. President Christine Lagarde of the European Central Bank is scheduled to speak on Monday, and- may mention monetary policy. The European Central Bank’s ultra-loose monetary policy is unlikely to change.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *