Data on the US

Statistics on the US quite disappointed the market after some attempts of the American to recover.  The US GDP growth slowed slightly in the third quarter, thereby putting pressure on the American due to the slowing of economic growth. More negative was the data on the number of initial applications for benefits in the US, which has significantly increased in a week, but it maintains a downward trend.

As a result, the US dollar index, after a restrained correction at the beginning of the day, was again under pressure and resumed its decline to support level of 93.200. The second significant support is  93.100-000. Also, the dynamics of the US currency still depends on data on tax reform in the US.

Graph of the US dollar index. The current price is 93,300.

Hanzenko Anton