State of the market: euro is trading near highs on optimistic expectations from the ECB - Ester Holdings

State of the market: euro is trading near highs on optimistic expectations from the ECB

On the traiding session on Thursday, the euro remains near the monthly highs against its main competitors, after the representative of the ECB announced the consideration of the possibility of curtailing the stimulus program in the euro zone at the next meeting, thereby provoking euro purchases throughout the market.

Stock markets in the Asia-Pacific region also wasn’t an exception and, after the positive dynamics on Wall Street, continued to grow on Thursday, supporting risky assets and increasing pressure on the American dollar.

The US dollar index, after yesterday’s next decline, updated the monthly minimum and is limited to support levels: 93.60 and 93.40. The breakthrough of these levels opens the way to the marks of 93.20 and 93.00. Downward dynamics of the American dollar remains in force and retains potential, while the market will remain pessimistic about the trade confrontation of the United States.

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Hanzenko Anton

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