The U.S. stock market opened the new year's good momentum since last year. The three major indexes ended the first week of the week with a new record high, up more than 2% in the whole week. Although non farm employment data released on Friday showed weaker than expected, the market believes it has consolidated the Fed's expectation of increasing interest rates. It was announced that the target range of the S & P 500 index was raised at the end of the year on the basis of tax reform and economic growth.
Zhong Yue, an analyst at FXTM fortune China market, thinks that the outlook for us dollar and analysts in the beginning of this year is still based on the weak performance and existing fundamentals of the US dollar in the past year.
He said that in the past year, the Fed's approval of raising interest rates and reducing taxes did not significantly enhance the trend of the US dollar. In 2018, the global economy will continue to grow in an all-round way, and the other central banks' tightening expectations for monetary policy will also make the market almost close to empty the US dollar outlook. If these macro factors do not change, it will be a big probability that the dollar will continue to fall this year.