State of the market: the US dollar remains under pressure

Trading on Thursday opened with restrained growth in optimism in the Asia-Pacific session, despite the negative closure of trading on Wall Street. In addition to growing optimism, stock markets were supported by positive employment data in Australia.

The main focus of the market remains on the Brexit protocol text. Previously, the market was waiting for the approval of the text on Brexit by the UK government, but it did not receive support, thus delaying the approval process and calling into question the preservation of political stability in the UK. Later, the British Prime Minister announced that she had support to approve the Brexit deal. The market continues to expect official results for Brexit, showing high volatility for the pound.

Fom the start of the day, the US dollar index has been trading downward on the growth of optimism, confirming keeping the downtrend, but limited to the support of 96.80, breaking through which will open the way to 96.60-50.

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Hanzenko Anton

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