The main market's drivers - Ester Holdings

The main market’s drivers

The American currency moved to correction closer to the opening of trading on the American session. The reason for it was the decline in the yield of 10-year-old US state bonds, which, in turn, indicated a decrease in optimism in the stock markets and the resumption of investor flight into safe assets. Also it is worth noting the technical correction of positions before the weekend, which contributes to the correction of the US dollar.

The dollar index eventually found a support at 96.20, which actually became a turning point for the American dollar. In this case, while the dollar index remains below the level of 96.50, the downward trend for the dollar will continue.

The US dollar index chart. The current price is 96.40 (10-year government bonds yield is the blue line)

Read also: “Averaging Strategy in the Forex Market”

Andre Green

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