The US dollar gets support from the growing risks of trade confrontation

Following a statement by a representative of the Trump administration, the US dollar accelerated growth on the possibility of heightening risks around the US-China trade. A spokesman for the Trump administration said the differences between the United States and China are too strong, which is why the trade war will not be resolved by the end of the year.

Such a statement had an increase in negative sentiment in the market and increased the demand for safe assets, including the US dollar. The US dollar index, on the next statement regarding the war trade, overcame the resistance of 97.40, which slowed down the overall downward trend in the dollar index. More significant resistance levels for the dollar are the 97.50 and 97.60 marks.

Fig. The US dollar index. The current price is 97.50 (10-year government bonds  yield is the blue line)

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Hanzenko Anton

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