Prediction US Dollar Rises in Early New Year

Equityworld Futures - Venturing forex trading this week, the US dollar Asian session on Tuesday (27/12), moving very strongly after falling at the end of trading last week. US dollar strength lifted sentiment comes from the rise of American economic power in 2017 when led by their new President.

Sentiment Christmas holiday is over as the market re-do bargain hunting against the US dollar in all trades, as well as commodities. Therefore, all of the US dollar's main rival appears to move very weak, which also influenced the local currency sentiment opponent.

As the commodity exchange, the US dollar strengthened by additional personnel from retreatnya crude oil prices early Asian session. And against the Japanese yen exchange rate receives additional power from a series of local economic data were disappointing, while the exchange rate of the euro zone sentiment minimal.

For the movement of US session tonight, there is a strong activator of the additional release consumer sentiment data based on a survey CB. CB of the survey is estimated scores for consumer sentiment for the US economy increased from the previous period score.

The dollar index, which measures the strength of the US dollar against six major currencies in early Asian trade (27/12) opened up slightly from last weekend period and was in position 102.95, and is now trading around 103.06.

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