The dollar index dropped against a basket of currencies on Friday, hovering around 93.1 and falling for eight strait weeks after data showed US retail trade in July rose by only 1.2 percent, below market expectations of a 1.9 percent increase. At the same time, the lack of progress in negotiations on a new coronavirus relief package worried investors, as Republicans and Democrats remain divided on key issues. Meanwhile, weaker than expected Chinese industry and sales data helped to curb the losses.
Historically, the United States Dollar reached an all time high of 164.72 in February of 1985. United States Dollar - data, forecasts, historical chart - was last updated on August of 2020.
The United States Dollar is expected to trade at 96.06 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 97.33 in 12 months time.