The US dollar is losing ground

The US dollar is falling against the basket of currencies at the beginning of the American session. Basically, this movement of the American is associated with profit-taking by market participants after some strengthening at the beginning of trades on Tuesday. As in a thin market conditions, market participants are reluctant to hold long positions in the US currency.

The US dollar index fell sharply, returning to the opening price of today’s trades, which confirms the weak sentiment of strengthening of the US currency by the end of 2017.

Fig. Graph of the US dollar index. The current price of DXY is 93.166.

Alexander Sivtsov