State of the market: the dollar is under pressure for correction against Friday - Ester Holdings

State of the market: the dollar is under pressure for correction against Friday

At the opening of trading on Monday, the US dollar demonstrates a low-key correction against Friday, which showed a significant increase in reducing optimism in the stock markets and weak statistics in the eurozone. Despite the fact that the main correctional movement could be traced at the close of the American session on Friday, the dollar remains under pressure on attempts to increase optimism.

The US dollar index is trading down against the basket of major competitors, returning below 97.50, indicating a downside potential to 97.30-20. Further decline of the American dollar will be limited by the upward trend in the dollar.


Read also: “Government bonds as a leading indicator of the foreign exchange market”

Hanzenko Anton

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