The main market’s drivers

American and European stock markets continue to trade mostly below zero, indicating that risks remain in the market and safe harbor assets the US dollar and the Japanese yen are in demand.

Against the background of the general growth of the US dollar and risk retention, the US dollar index managed to renew a maximum of two months against the basket of main competitors at 96.10, indicating the resumption of the dollar growth against competitors and the recovery of the uptrend. But due to the overbought of the American dollar and the general restraint of the market, the further growth of the dollar may be limited to the trading range from 96.00-95.90 to 96.20-30.

The US dollar index chart. The current price is 96.00 (10-year government bonds yield is the blue line)

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Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

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