The US dollar is closing this week with gains. Investors are betting on the US dollar’s strength amid risk aversion in the face of the second pandemic wave. Another reason why investors are bullish about the greenback is that Jerome Powell rejected the scenario of negative interest rates. Besides, the Fed’s leader assumes that the US economy has already touched the bottom and is now on track to a recovery. No wonder, this information background enables the US dollar to develop a rally. Has anything changed in the outlook for the euro/dollar pair? Let’s ask our expert Petar Jacimovic.
