State of the market: the dollar remains under the pressure

Trading on Friday opened with the resumption of the sale of the US dollar across the market. The reason for which was soft rhetoric of the US Federal Reserve, which remains prone to lower rates and slower growth in consumer inflation. Earlier on Thursday, the American dollar received limited support from inflation data in the United States, the positive effect of which was compensated by the US Federal Reserve Chairman in his speech.

The index of the US dollar has weakened since the beginning of the day, returning to the downward moods under the mark of 97.00, indicating the preservation, downward dynamics and opening the way to the support levels: 96.80 and 96.60. Level 97.00-10 continues to act as significant resistance.

Read also: “Stock Indices: the UK Market”

Hanzenko Anton

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