The US dollar steadied against a basket of currencies at 92.734 on Thursday, but still hovering not far off a seven-week low touched in the previous session as a wave of optimism surrounding more stimulus in the US drove investors into riskier currencies. However, fiscal aid to help nurse the economy through the coronavirus pandemic seems unlikely to be adopted before Election Day. The greenback was also pressured by the British pound, which jumped to a six-week high after the BoE dismisses negative interest rates.
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 October 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.