DollarIndex Short. The almost zero interest rate in the US puts the US dollar under constant pressure. Last year, the FED cut a total of three base interest rate cuts, and this year, due to the Covid crisis, it cuts further to the current range of 0 to 0.25%. The Democrats’ victory could weaken the dollar slightly further. Technically, the market is in a slight downward trend, in the medium term it is supported by a wide trading range, which could break through.
Graph and table source: WebTrader