The American is again under pressure

Ambiguous data on durable goods resumed negative attitudes toward the US currency, which persists amid fears of trade wars between the US and China. Particularly bright weakness of the American is traced in tandem with the Canadian dollar. The pair USD/CAD has updated a minimum of a week on the positive statistics on inflation in Canada. At the same time the weakness of the American continues to be traced against the assets of the safe haven.

But, despite this, the US dollar index is limited by recent lows and weakness of commodity currencies, which can cause the formation of a flat on the American in the existing trading range.

Graph of the US dollar index. The current price is 89.60.

Hanzenko Anton