The dollar index inched higher to trade above 94 on Friday, extending the rally for 3rd session and remaining at 1 month high amid rising coronavirus infections and a potentially contested election result in the US next week. At the same time, the Euro remains under pressure as investors worry about the impact of renewed lockdowns in France, Germany, and a few Spanish regions. On the week the dollar was up around 1.3%, the biggest weekly gain since late September and reversing from a 1% loss the week before.
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 October 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.