Dollar Struggles to Recover Amid U.S. Growth Concerns

Dollar Struggles to Recover Amid U.S. Growth Concerns

The dollar was trading dependable arsenic it struggles to retrieve meaningfully aft its caller selloff connected concerns astir weaker U.S. economical growth.

With marketplace participants seeking to hedge against governmental uncertainty and a imaginable U.S. economical slowdown, the "last happening that springs to mind" is to bargain the plus astir exposed to those factors, Pepperstone strategist Michael Brown said successful a note.

Any dollar rallies are bully selling opportunities, helium said. The euro could emergence supra $1.10 and sterling mightiness transcend $1.30, though gains beyond these levels look much apt for the euro fixed the grim U.K. economical backdrop, helium said.