State of the market: the American dollar remains under the pressure - Ester Holdings

State of the market: the American dollar remains under the pressure

Friday’s trading opened with a downward trend in the US dollar index against a basket of competitors. Despite the optimistic tweets of the US President D. Trump that the US-China trade talks are going very well and the talks will continue on Friday, the market remains highly optimistic, and it also affects the stock indices.

Amid growing optimism, the US dollar and safe haven currencies remain under the pressure. The dollar index since the beginning of the day is testing support 98.60, the update of which indicates the formation of a downtrend from the start of October. Significant support is located at the levels: 98.50 and 98.20. Resistance are the marks: 98.80 and 99.00. Also, a surge in volatility on new data on trade negotiations is not ruled out.


Read also: “Cryptocurrency market. What is happening and what to expect ”

Hanzenko Anton


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