State of the market: the market monitors the exacerbation of tension in the Middle East
With the opening of trading on Friday, there is a multidirectional dynamics in the market. Thus, the US dollar index updated a low at the level of 96.50, at least the last three months, after which it retreated. The reason for such multidirectional dynamics remains the difficult situation in the Middle East. So, on Thursday, the US President D. Trump approved a strike on Iran in retaliation for the drone that had been hammered, but on Thursday evening refused this idea. This actually served as a driver for market uncertainty.
From the start of the day, the US dollar index has remained under the pressure, despite attempts of correction, limited to the trading range from 96.70-80 to 96.50-40. The market in general depends on the military risks that will persist at the weekend.
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Hanzenko Anton
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