The main market’s drivers

On Tuesday afternoon, the British pound received significant support on the statement of German Chancellor Merkel, who spoke in favor of supporting cooperation with Britain after Brexit, adding that Germany would advocate a practical solution to the issue, while maintaining close cooperation. In turn, this was seen as a weakening of the EU’s position in the Brexit negotiations and put pressure on the euro.

The US dollar was under the pressure under conditions of lowering the risks of a tough Brexit and a negative start to Wall Street. Thus, the US dollar index returned to the current trading day low at 98.30, indicating a correction and preservation of lateral dynamics from 98.30-20 to 98.40-50.

Fig. The US dollar index chart. Current price – 98.30 (10-year US government bonds yield – blue line)

Read also: “Prospects for the euro based on ECB policy”

Andre Green

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Earn with the help of the trade service on the news Erste News!

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