The US dollar is trying to stabilize positions

The US dollar is trying to stabilize against the basket of currencies based on the positive statistics on the housing market in the US.

• According to published data, sales in the secondary housing market in the US rose to 5.81M in November, exceeding the previous value of 5.50M. As a percentage, the growth of the indicator was 5.6%, which exceeds the growth of the previous period at 2.4%.

Despite the positive statistics, the US dollar index keeps positions near the local minimum, which is due to the expectation of voting on the tax reform in the US, as well as due to a decrease in the yield of US government bonds, which on average fell by -0.25%

Fig. Graph of the US dollar index. The current price of DXY is 93.243.

Alexander Sivtsov