The US dollar is under pressure

The US dollar retreated from the maximum of today’s trading against the basket of currencies with the start of trading on the stock exchanges in America. There is a change in correlation in the market, as the US currency fell against the backdrop of a positive start of the US stock market. See Quotations.

Additional pressure on the US currency is exerted by a decrease in sales in the secondary housing market in the US, which fell by -3.2% in January, while analysts forecasted an increase of 0.9%.

The US dollar index retreated from today’s maximum at 89.91, the further dynamics of the US dollar will depend on the change in quotations in the US stock market.

Fig. Graph of the US dollar index. The current price of DXY is 89.69.

Alexander Sivtsov