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"The whole idea of the U.S. economy slowing down in Q4 was that the consumer would pull back, and they ended Q3 on a very strong note," said Marc Chandler, chief market strategist at Bannockburn Global Forex.
December 18, 2020 Daily FX Market Roundup December 18, 2020 It has been a challenging week for the US dollar. The greenback fell to fresh 2.5 year lows against most of the major currencies but as the week drew to a close, it finally rebounded. While some may hope that this marks a bottom for the dollar, there’s scope for further losses in the coming week. Vaccine progress and the prospect of a stimulus deal are some of the main reasons for the dollar’s weakness and that is not expected to change. Stimulus talks are progressing and there’s talk that an agreement may be reached over th...