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State of the market: the dollar returned to established dynamics
From the start of Friday trading, the market has been showing restrained dynamics of the US dollar against a basket of major competitors. The statement by the US President D. Trump on the introduction of a new 10% duty on Chinese goods put a pressure on the American currency and the stock market in general. In turn, this put significant pressure on the American dollar and caused an increase in safe assets.
The US dollar index on the aggravation of trade risks has weakened significantly, returning to a well-established uptrend, actually moving to a correction after growth, but maintaining an upward dynamics. The US dollar index is trading at 98.50, support is located at 98.20 and 98.00.
Read also: “Prospects for the USD/JPY pair for early July”
Hanzenko Anton
Earn with the help of the trade service on the news Erste News!
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