The American backed away from the lows

In the European session, trades on major currency pairs are very restrained, which is caused by a shift in attention to stock indices. At the same time, the raw material assets, which continue to be in a downward trend and exert pressure on commodity currencies, provided little support to the American in correction after the decline.

The US dollar index continues to trade near the lows of the week, limited to the February low. In turn, the growth of US stock markets can provide support to the American, but this support will also be limited to overbought of the shares and the continued fears about stock indices.

Graph of the US dollar index. The current price is 88.70.

Hanzenko Anton