State of the Market: optimism puts pressure on the American currency

After very optimistic data on the number of initial applications and neutral data on spending in the US, and the continued optimism in the stock markets, the US dollar remains in flat, keeping the dynamics of the beginning of the day, limited to the existing trading range. It seems that the market has already left for a long weekend because of a lack of response.

In turn, the growth of optimism positively affected risky assets, but their strengthening is also limited by an upward trend in the US currency. Therefore, the preservation of the existing dynamics is expected from the American and the market as a whole. Also, unjustified outbursts of volatility are possible on relatively calm trades.

Graph of the US dollar index. The current price is 89.90.

Hanzenko Anton