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ANZ: the dollar may rise in price in May, in euros – to fall in price

Schedule euro to dollar rate at intervals of 1 day

The dollar may rise in price in May, in euros – to fall in price due to seasonal factors, strategists at ANZ warn. According to them, DXY dollar index historically shows the strongest dynamics in this month, and the worst month of the year for the American currency is April.


“On Friday, we already saw a corresponding hint, when the euro / dollar rate fell by a record over a year or more,” experts say. – “The dollar was in high demand due to the rebalancing of portfolios, timed to the end of the month. All of this helped the DXY move back above the 100-day MA. “


The outlook for the dollar’s appreciation threatens to interrupt the euro’s rise, strategists conclude ANZ.

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