The dollar index remained under pressure around 90 in the last week of December as long-awaited financial aid in the US, Brexit trade deal and prospects of a swift economic recovery in 2021 spooked investors away from safe-haven assets. Adding to diminished interest for safety were concerns about rising levels of debt in the US. Unprecedented spending led to large budget and current account deficits and has made the greenback an increasingly unattractive investment.
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 December 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.