The US dollar received support at the beginning of the day

The US currency appreciably strengthened across the spectrum of the market based on data on the US. The US Senate adopted a budget plan for the current financial year. This was a green light for the Republicans tax reform. As a result, the US currency played yesterday’s losses against all competitors.

The US dollar index remains trading near yesterday’s high on the growth of optimism and the possibility of adopting Trump’s tax reform. But, there are some doubts in the market regarding the duration of the upward dynamics of the American and the further adoption of the tax reform, since it will have to undergo several bureaucratic procedures.

To further strengthen of the US dollar, it needs to gain a foothold above the resistance zone 93.40-60.It will indicate the preservation of a two-month uptrend. The mark 93.00 is a support for the index.

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Hanzenko Anton