State of the market : dollar remains under pressure

At the Asian session on Tuesday, the US dollar resumed its downward trend on the results of the G20 summit. Earlier, following the results of this summit, the United States and China managed to agree on a temporary reduction of tension in the trade confrontation, which was the reason for the growth of optimism in the stock markets and the sale of the American currency.

At the Asian session on Tuesday, the stock markets traded less positively, demonstrating multidirectional dynamics, which indicates a correction after yesterday’s growth and may be a reason for a decrease in optimism in the market.

The index of the US dollar since the start of the day repeats yesterday’s pattern of movement, showing a significant decline in the Asian session. But it is worth emphasizing the oversoldness of the US dollar and the ambiguous dynamics of the US state bonds, which may serve as a reason for correction. The upward trend in the US dollar index continues, despite the downward mood on the American dollar.

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Hanzenko Anton

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