State of the Market: the US dollar keeps positive dynamics

On Wednesday, stock indices in the Asia-Pacific region started to trade lower, despite a positive closing of Wall Street. After the wave of growth at the beginning of the week, stock indices turned out to be under pressure of correction and profitability growth of the US state bond, which are traded near the annual maximum.

As a result, the US currency is traded with a plus against its main competitors, receiving support from the profitability growth of the US state bond and preservation of optimism on growth of interest rates in the USA. So, the US dollar index is traded in an uptrend, limiting itself to yesterday’s high.

The Japanese yen strengthens positions across the entire spectrum of the market based on data that the Bank of Japan has reduced the volume of redemption of Japanese bonds. This news support the yen for the second consecutive day, thereby increasing interest in the yen and the state bonds.

Graph of the US dollar index. The current price is 92.30.

Hanzenko Anton