State of the market: the American is in anticipation of inflation data in the US

On Wednesday, the US dollar was under pressure across the entire spectrum of the market, which was caused by growing fears before the publication of data on inflation in the US. At the same time, negative sentiments continue to remain on the market, caused by a decline in world stock indices. So, after the restrained-positive closing of quotations on Wall Street, Asian sites are traded with a small strengthening, indicating a recovery. But, despite this, fears on the stock indices remain.

Against the background of continuing fears and forthcoming data on the United States, safe haven assets continue to enjoy popularity, which also points to the preservation of risks relative to the stock indices, which, despite the attempts at recovery, remain under pressure.

The US dollar index is traded near the level of 89.40-50, which meets a significant level of support, and the breakthrough of which will open the way to levels 89.20 and 89.00.

Graph of the US dollar index. The current price is 89.40.

Hanzenko Anton