The US dollar keeps positive dynamics

The US dollar maintains a strong position against the basket of currencies at the beginning of the American session. Friday’s data on the labor market supports the US dollar, which exceeded analysts’ expectations. See “The US dollar received support. NFP data. “

Also, some support for the US currency is provided by positive data on business activity in the US from ISM. See “Market news“.

In turn, the mixed dynamics of the main US stock indices can be a restraining factor for the further growth of the US currency. (Dow Jones -0.14%, S & P 500 -0.04%, Nasdaq + 0.60%.)

The US dollar index reached today’s high of the month: 89.46. In case of a breakdown of this maximum, it is expected that the US dollar will continue to grow.

Fig. Graph of the US dollar index. Current price of DXY – 89.31

Alexander Sivtsov