Dollar index
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Last week's interest rate hikes by the Fed, ECB, and BoE shook the dollar chart. At the end of the week, the dollar emerged as the winner against the EUR and GBP. The expected good NFP and the unemployment rate pushed the dollar close to the 103.00 level on Friday. This is a good starting position for the dollar next week, but we have not yet escaped the bearish pressure. For a more concrete bullish trend, we need to station ourselves above the 105.00 level. If we do not break that barrier, the dollar could visit the 100.00 level.
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