State of the market: the American is recovering after another decline

On Monday, the US currency is traded with the strengthening against the backdrop of positive dynamics of the US state bonds. Earlier on Friday, the American was under pressure across the entire spectrum of the market, which was caused by the closure of the US government. As a result, the market remains optimistic about the US dollar, caused by the growth of positive sentiment in the market.

Stock exchanges of the Asia-Pacific region are traded above zero due to the optimism and a slight increase in prices for raw materials. The optimism of the market is maintained because of the positive closure of American and European stock exchanges.

In conditions of a noticeable growth of stock indices last week and the safety of the lateral trend in the US currency, the upward dynamics of the American is limited, despite the growth of the profitability of the US bonds. The risk factor is the situation with the US government, to the problems of which the market already partially got used and hardly reacts. Thus, the US dollar index remains clamped in the side range from 90.20 and 90.00 to 90.60 and 90.80 until there are drivers of significant movement in the US dollar on the market.

Graph of the US dollar index. The current price is 90.50.

Hanzenko Anton