State of the market: the American dollar is trading near highs
After the very positive comments of US Federal Reserve Chairman Powell on the growth of the US economy, the US currency at the beginning of the day accelerated growth against the basket of major competitors. The reason for the growth of the dollar at the beginning of the day was optimism in the stock markets of the Asia-Pacific region. As a result, the optimism of the market resumed purchases of the dollar in anticipation of tightening of US monetary policy.
The US dollar index is limited by the overbought and last week’s high 95.20. As a result, the dollar may slow down.
Read also: “Features of Trading on the Bollinger Lines”
Hanzenko Anton
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