Commerzbank: too early to talk about the end of the downtrend of the dollar

According to currency analysts Commerzbank, yesterday’s strengthening of the dollar can hardly be regarded as a signal to the end of the downtrend of the U.S. currency. The bank believes that declare the weakening U.S. dollar would be premature. Currency U.S. remains under pressure due to continued low interest rates, due to which increases its attractiveness as a funding currency transactions carry trade. Nevertheless, the growth of the euro against the dollar, perhaps a little exhausted strength, and positive data published today a report on consumer confidence in the United States may have additional pressure on the single European currency. At the time of the data, the euro / dollar traded at 1.4855.