State of the Market: the American is under pressure

Since the beginning of the day and week, trading on the foreign exchange market is under the sentiments of selling the American currency. At the same time, the main drop in the American fell on commodity currencies and safe haven assets, which indicates the ambiguity of the market and the general weakness of the US dollar. In turn, the general weakness of the US currency is caused by the retreat of the US state bonds from highs against the backdrop of the recovery of world stock exchanges.

In the face of rising global stock indices, the American will remain under pressure, but the growth of safe haven assets will also be limited. At the same time, the day is full of news, which can cause a change in the market sentiments.

Graph of the US dollar index. The current price is 89.60.

Hanzenko Anton