The joy was not long. The US dollar drops again

The US dollar strengthened its position against most of the major market currencies because of the more positive data on inflation and retail sales in the States, rather than expected by analysts. See more “Inflation and retail sales in the US exceeded expectations.” This statistics served as a catalyst for partial profit-taking by investors, which led to some strengthening of the American.

At the moment, the US dollar index again approached the low of today’s trading, at the level of 90.99, which indicates a fairly strong bearish sentiment against the US currency.

Fig. Graph of the US dollar index. Current price DXY – 91.07

Alexander Sivtsov