State of the market: the dollar maintains a positive trend - Ester Holdings
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State of the market: the dollar maintains a positive trend

At the opening of the new working week, the US dollar resumed a growth against a basket of competitors. The reason for the strengthening of the US dollar remains the risks around the aggravation of the US – China trade relations. Regardless of the risks, stock indices at the start of the day mostly opened the day with growth. Due to the very positive opening of China’s stock indices, which showed an increase after a long weekend, support for European stock indices was provided by a technical correction after a decline in addition to optimism from China. As a result, commodity currencies are trading in a restrained upward trend.

The US dollar index resumed an uptrend at the break through of the level of 96.70, indicating the possibility of further strengthening to the resistance levels: 97.00 and 97.20. Support levels are 96.70 and 96.50.


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