The state of the Asian market: the US dollar remains under pressure

Trades in the Asian session are restrained, remaining limited to low volumes. The US currency is trading without significant changes at Thursday level, which is caused by growing fears of the US Federal Reserve about low inflation and a long weekend in the United States.

During the Asian session, the main currency pairs are trading in a reserved and multidirectional manner. Such a movement is caused by low trading volumes due to the celebration of Thanksgiving Day in the US yesterday. Today, everythings will be closed earlier in the US, so the partial growth of liquidity is expected at the European session.

The US dollar index is near the psychological support 93,000, from which a slight correction is possible. Due to the restrained market, no significant movements are expected today.

Also, read: Analysis of the past day.

Hanzenko Anton