Market pending Non farm payrolls

Most of the main instruments of the foreign exchange market demonstrate a moderate dynamics, which is due to the expectation of publication of data on employment in the US. Data promises to be lower than previous values, see “Market Focus“, which in principle should put pressure on the US dollar.

In turn, the market reaction may turn out to be rather restrained, as this report is unlikely to have a significant impact on the Fed decision on the interest rate at the March meeting, at which the rate will be increased by 0.25% to 87.4% the level of 1.75%.

The US dollar index remains positive, but at the same time it shows quite a moderate dynamics in the course of trading.

Fig. Graph of the US dollar index. The current price of DXY is 90.23.

Alexander Sivtsov