What Can We Expect from the US Dollar in 2021?
2020 was a year of turbulence and fluctuations for the US dollar, as it dropped as low as it has been in a couple of years. What can we expect to happen as we look forward to next year?
How Has 2020 Gone?
USD tends to perform well against other currencies in times of economic turmoil, as investors look for the safety of the dollar. This helped it to climb earlier in the year, but the trend in the second half of 2020 has been for people to put their money into riskier investments, causing the dollar to drop.
Indeed, the hope that 2021 will see other markets surge has led to investors putting more money into the likes of stocks and commodities. The euro and Swiss franc have both reached levels not seen since 2018, while even the uncertainty surrounding Brexit hasn’t stopped the ...