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Dollar Extend Slide on Trump-Powell Meeting, Risk Unperturbed by Currency, Trade War Risks

US Dollar Outlook Talking Points:

• The DXY Dollar Index dropped for a third trading day on reports that President Trump held unscheduled meeting with Fed’s Powell
• Negative rates and concerns over a ‘high Dollar’ rekindling risk of a currency war being pursued in tandem with the trade war
• Trade war rhetoric soured to start the week on a report from CNBC that Beijing was pessimistic on tariff roll backs and considering options

What do the DailyFX Analysts expect from the Dollar, Euro, Equities, Oil and more through the 4Q 2019? Download forecasts for these assets and more with technical and fundamental insight from the DailyFX Trading Guides page. (

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