State of the Market: the dollar remains under pressure

The second half of the day passed under the flight from risks and restrained recovery of the American. As a result, the US dollar index restored the losses of the Asian session, but remained weak against the Japanese yen, which was caused by the preservation of risks in the US.

Against the background of weak statistics on the UK and the US, the market is negative, which supports the Japanese currency. The stock exchanges in Europe and the US are traded above zero, thereby providing support to the American.

The dynamics of the US currency and the market as a whole remains limited to weekly extremes. So, the US dollar index repulsed again from the support levels: 90.20 and 90.00, and thereby confirmed the movement in the sideways trend.

Graph of the US dollar index. The current price is 90.30.

Hanzenko Anton