The dollar 's economy is starting to recover but experts are pessimistic




The dollar rose on Wednesday to end a three-week losing streak as investors boosted their positions ahead of the release of manufacturing data and a minutes of a meeting of the US Federal Reserve in December later on Wednesday.
But despite the recovery of the dollar, market experts are still pessimistic about the outlook for the US currency in the near term because of concerns that markets may already have already absorbed US interest rate increases in the future.
The dollar index, which measures the performance of the greenback against a basket of major currencies, rose 0.3 percent on the day to 92.10 after falling 2.5 percent over the past three weeks. On an annualized basis, 2017 saw the largest annual decline in the US currency in 14 years.
Despite the biggest reform of the US tax law in 30 years that was approved by US lawmakers in late December, market analysts believe that the absence of inflationary pressures will keep the dollar low in the coming months.

The euro traded at $ 1.2017 after climbing to a four-month high of $ 1.2081 on Tuesday, up about 3 percent from its low level in mid-December and near September's high of $ 1.2092, the highest single-currency level since a year ago. 2015.
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