The US dollar remains under pressure. Sales in the secondary housing market are declining

The US dollar continues trades near the low of today’s trading against a basket of currencies. The US currency, which at the moment has decreased by an average of -0.40%, is under pressure due to the decrease in the profitability of the US government bonds. Additional pressure was exerted by weak data on sales in the secondary housing market in the US, which in December fell by -3.6% to the level of 5.57M, against the previous value of 5.78M.

The US dollar index fell to the level of 89.04, which is the minimum mark for the last three years.

Fig. Graph of the US dollar index. Current price DXY – 89.06

Alexander Sivtsov