The Dollar continues to alternate offensive with short-term corrections. The latest spurt can be attributed to the positive news from the US Senate, where Republicans managed to agree on budget estimates for 2018.
The rise of gasoline prices is falling short as a result of Hurricane Harvey formed an attractive margin for the US refineries. The situation did not fail to take advantage of the largest Oil refinery – Motive Enterprises
The inflation growth is happening due to the devaluation of the dollar over the past few months. This helped the US currency spend a week in the positive area, but the situation with the primary drivers of growth were disappointing.
The Dollar is back on growth track. But for how long?
It is unlikely that growth of new short positions will happen before the Friday’s inflation data. The decline in global risks has prompted investors to take interest in risky assets, forcing part of open sales to be closed against the Dollar.