State of the market: US dollar resumes growth - Ester Holdings
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State of the market: US dollar resumes growth

By the end of the European session on Tuesday, the US dollar accelerated growth against most competitors. The reason for this movement was the resumption of negative sentiment in the market, which is caused by Turkey’s intentions to respond toughly to US duties. Also, Turkish President Erdogan spoke in favor of breaking relations with the US, which eventually resumed negative market insistence and risks specifically to the euro.

As a result, the market is showing an increase in negative sentiment, which is reflected by the resumption of a decline in global stock exchanges and the flight of investors from risks. In addition to the euro, the currencies of the Asia-Pacific region were also under pressure amid the collapse of risky assets.

The US dollar index at the beginning of trading on Wednesday is trading with a strengthening near the level of 96.80, maintaining the upward momentum and limiting the upper limit of the rising channel, which is located at 97.00. The support is level 96.50


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Hanzenko Anton

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