Rationale for Bearish Dollar :
Eventhough the Federal Reserve hike the interest rate (was fully priced in by the way prior the hike), Yellen's concerns on Inflation pushed the dollar down. I am anticipating further weakening of the dollar today.
Risk for the trading plan :
Dovish tone from ECB Draghi later today.
Eventhough the Federal Reserve hike the interest rate (was fully priced in by the way prior the hike), Yellen's concerns on Inflation pushed the dollar down. I am anticipating further weakening of the dollar today.
Risk for the trading plan :
Dovish tone from ECB Draghi later today.