State of the market : dollar accelerated the correction
Multidirectional dynamics remains in the market with the opening of trading on Tuesday. The American dollar remains under the pressure from the correction against safe-haven currencies, but at the same time it is trading with strengthening against commodity currencies. Raw materials, in turn, remain under the pressure from the risks and downward dynamics of oil.
The US dollar index continues to trade in Monday’s trading range from 97.30 to 97.60, thereby forming a flat and unloading the American dollar’s overbought. The reason for the restraint of the US dollar is the pending publication of the US Federal Reserve meeting results, which will be published on Wednesday.
Read also: “The nearest prospects for the USD”
Hanzenko Anton
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