State of the market condition: American dollar remains under pressure
With the positive opening of the American stock exchanges, the pressure on the US dollar remained. At the same time, the dynamics of the dollar was not affected by optimistic statistics on the US. The main pressure on the American dollar is on the part of commodity currencies, which are supported by positive trading on the stock exchanges.
It is also worth noting that trading on Wall Street opened positively, but sluggishly, which may be due to the expectation of a two-day weekend in the US regarding the celebration of Independence Day. Also, the positive dynamics of European stock markets slowed by the end of the day, what can be as a signal for the reversal of sentiment and correction of the US dollar.
US dollar index Graph. The current price is 94.60 (the yield of 10-year government bonds is a blue line)
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Hanzenko Anton