The US Dollar Continues to Trade Positively

The dollar index was little changed at 93.1 on Monday, swinging at levels not seen since November 2020 amid prospects for a strong economic recovery in the United States.

Last week, the greenback added 0.3%, which is 3 consecutive weekly gains, driven by the selling of bonds, with buying activity more pronounced against the yen, the Swiss franc, and the euro.

The dollar fundamentals remain strong and the currency has room for more positive momentum as the US economy appears to be in a better position than others for a solid recovery from the coronavirus pandemic.