US Dollar

**_Cathy_** · October 11th, 2017 04:04 PM

Originally Posted by StockEngine

what's driving the euro stronger?

I thought the catalan thing and the brexit would drop the euro more...

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I'm happy about the strong EUR

**uls** · October 11th, 2017 04:09 PM

Originally Posted by StockEngine

what's driving the euro stronger?

I thought the catalan thing and the brexit would drop the euro more...

Sent from my SM-G935F using Tsikot Forums mobile app

first, i mentioned last week North Korea is a risk factor for the dollar

now, what's driving the euro higher?

1. the ECB could begin tapering its bond buying program

2. Catalonia independence toned down

Dollar loses ground as euro climbs on hope of ECB tapering - MarketWatch

The dollar index continued to weaken on Tuesday, pressured by a resurgence of geopolitical tensions with North Korea, as well as advances by the British pound and the euro as traders regained confidence in the U.K. economy and eyed potential actions by the European Central Bank.

In Spain, Catalan leader Carles Puigdemont spoke about the recent referendum, delaying the announcement of independence in favor of dialogue with the Spanish government.

**uls** · October 11th, 2017 04:15 PM

but the US dollar has a potential rate hike on its side

**c_cube** · October 11th, 2017 04:44 PM

Uls, tingin mo bili na ng USD ngayon? Hindi ko pa naman kailangan pero sa mga nababasa ko dito, going north ang trend eh

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**_Cathy_** · October 11th, 2017 04:59 PM

I also need to buy USD

**uls** · October 11th, 2017 05:01 PM

USDPHP kasi doesn't necessarily follow USD strength/weakness against other currencies

for example yesterday the dollar was weak against all majors pero nag 51.41 ang USDPHP

even today kahit mahina parin ang dollar, 51.40 parin ang USDPHP

so this is really peso weakness rather than dollar strength

i would buy dollars whenever USDPHP pulls back

**Lady Bathory** · October 11th, 2017 07:08 PM

Uls is a dollar bull so he's biased towards a stronger dollar going forward. I'd like provide a counterbalance to his views.

I guess everyone has noticed the dollar rally hit a speed bump. It's no coincidence it happened while Trump was having a twitter feud with Republican Senator Bob Corker. Trump is having a hard time pushing his over-ambitious agenda through congress. And Trump can't seem to focus on one thing. His focus changes between trade, healthcare, and taxes so nothing ever gets done. The tax reform stimulus story has fooled the market once already. That story is getting old i wouldn't count on that to boost the dollar this year. Now with the Catalonia risk factor diminished this could be the start of another euro rally ahead of the ECB meeting this month. Though political uncertainty hasn’t fully diminished i think the euro is supported by a stronger eurozone economy and the anticipation of QE tapering.