State of the market

The US dollar strengthens its position against the basket of currencies during the American session, after some weakening in the first half of Monday trading. The decline in the US dollar was facilitated by the restrained dynamics of the world stock indices and the absence of any other significant catalysts on the market, as well as the cautious position of market participants on the eve of the Fed meeting this week.

At the beginning of US trading, support for the US dollar was provided by positive statistics data on income and expenditure of individuals in the US. Based on this data, the dollar index returned all previously lost positions. See the calendar 

Fig. Current price DXY – 94.673

Alexander Sivtsov