State of the market: American dollar is in anticipation of US GDP data

After the growth of the US dollar across the entire spectrum of the market on the discreet comments of the head of the ECB Draghi, the dollar index is trading near a weekly high, limited to the expectation of publication of preliminary data on US GDP in the second quarter. As a result, the market remains ambiguous dynamics of past days, which is confirmed by a multidirectional dynamics of stock indices.

The US dollar index returned to the highs of the week by the end of the week, limited to the level of 94.80. On the other hand, the American dollar is limited to a possible correction against yesterday’s growth and risks of waiting for publication of data on US GDP, which will accelerate the correction of positions on the American dollar.

Read also: “5 useful trader habits”

Hanzenko Anton

 Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

1. In Focus: Analysis of transactions for a EUR/USD pair during the week
2. Stock indices: European Union
3. Emerging markets and their prospects: Russian Ruble (RUB)