The dollar index was slightly lower around 91.7 on Wednesday, close to levels not seen in one month, as Treasury yields steadied well below recent year-highs and fresh inflation figures eased concerns of imminent Fed tapering. The annual inflation rate in the US increased to an over 2-year high of 2.6% in March, slightly higher than forecasts of 2.5% but core inflation remained little changed from 2020 levels, calming investors' nerves. Appetite for the greenback was also dented on slower vaccination rollout as the CDC and the FDA requested states to stop administering Johnson & Johnson’s Covid-19 vaccine after six people in the US developed a rare disorder involving blood clots.
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 April of 2021.
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.