State of the market: the dollar resumes attempts of growth

At the opening of trading on Tuesday the US dollar showed a restrained attempt of growth, resuming a weekly lateral dynamics against a basket of major competitors. The main growth of the American dollar can be traced due to European currencies and safe haven currencies. Raw materials remain under the moderate pressure, limited to oversold. With further growth of pessimism on stock exchanges, pressure will increase on this group of currencies.

The US dollar index continues to move in the side channel from 97.80 to 97.30. What slows the July uptrend, but also limits the decline in American dollar on the trading risks.

Read also: “In focus: Analysis of transactions for the EUR/USD pair during the week”

Hanzenko Anton

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Earn with the help of the trade service on the news Erste News!

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