The US dollar is recovering!

The US dollar continues to strengthen its position against the basket of currencies. The growth of the US currency was caused by partial profit-taking by investors, as well as by positive data on sales of new housing in the US. According to published data, sales of new housing in October rose to around 685K, exceeding the previous value of 645K. As a percentage, the growth rate was 6.2%, while analysts expected a decline at -6.0%.

Based on this statistics, the dollar index continues recovering, having receded from the low of today’s trading at the level 92,416.

Fig. The graph of the US dollar index, current price of DXY – 92.669.

Alexander Sivtsov