The main market drivers

In the second half of Friday’s low-key trading on the market, demand for the American currency resumed after moderate attempts of correction in the first half of the day. The strengthening of the US dollar index is mainly due to its growth against European currencies, which is associated with the persistence of concerns about Brexit and the growth of pessimism in the market.

The US dollar index returned to strengthening, aiming at the levels of 97.80 and 97.90 after updating the low of the day at 97.60, which confirms the upward trend of the American dollar, but is also limited by the trading channel and the growth of the US government bonds yield , which can increase pressure on the dollar.

Fig. US dollar index chart. Current price – 97.70 (yield on 10-year US government bonds – blue line)

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Andre Green

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

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