State of the market: the US dollar is recovering

After a very low-key reaction to the US Federal Reserve’s protocol, the market restrainedly strengthens the positions of the US currency. The growth of optimism about the American is maintained by the planned three-fold increase in rates in the US in 2018. At the same time, the nearest increase is planned in March, the probability of which is slightly higher than 80%.

Despite the possibility of an early rate hike in the US, the US dollar index  strengthens against its competitors, limited by the weak dynamics of stock indices and the unwillingness of the market to buy up an American. In the face of important corporate reporting and business data, market attention is focused on stock indices, the ambiguous dynamics of which constrains the strengthening of the American.

Graph of the US dollar index. The current price is 89.10.

Hanzenko Anton