State of the market: the dollar accelerated decline

Closer to the opening of the US session, the US dollar accelerated decline across the entire spectrum of the market, especially the decline of the American is traced against the euro. This also caused the ubiquitous growth of the single currency.

As a result, the US dollar index approached a significant support level of 92.600, the minimum of October. From this level, one should expect a slowdown in the decline and the formation of a correction. Also, the almost monthly decline in the US dollar in November indicates the end of the correction phase and the resumption of the global downtrend.

The decline in the American is caused by the low liquidity and fears of inflation in the US.

Hanzenko Anton