State of the market: optimism returns to stock exchanges

A moderate strengthening of stock indices can be traced in the Asia-Pacific region at the opening of trading session. It indicates an attempts to restore optimism, despite the persistence of risks regarding China-US trade relations and the negative closure of trading on Wall Street. The growth of stock indices gave a restrained support to the US dollar first of all and reduced the demand for safe-haven currencies.

The US dollar index has been trading since the beginning of the day, with a strengthening on correction after yesterday’s decline and there is no one about reducing the tension around the political scandal over the arrest of a member of the Huawei company. The US dollar index returned to an uptrend, limited to resistance levels: 97.00 and 97.20, support settled at levels: 96.80-70 and 96.50.

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Hanzenko Anton

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