The main market drivers
Tuesday’s trading remains very restrained due to the lack of significant data and the persistence of uncertainty on a trade agreement between the US and China. Against the backdrop of trade uncertainty and Trump’s comments on the US monetary raft, the US currency remains under the noticeable pressure against its main competitors.
Given the correction against the decline on Monday, we should expect an upward correction. But the US dollar index remains clamped in the side channel from 97.90 to 97.70, thereby slowing down the trend, but retaining the potential for decline, limited by support levels: 97.70 and 97.60, resistance: 97.90 and 98.00.
Fig. The US dollar index chart. Current price – 97.80 (10-year US government bonds yield – blue line)
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Andre Green
Earn with the help of the trade service on the news Erste News!
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