The main market’s drivers

Trades in the European session are held with a moderate decline in the US dollar, which was caused by the persistence of risks, a decrease in the US state bonds profitability and rising optimism about Brexit. The reason for optimism on Brexit became rumors that EU representatives are ready to make a proposal that will resolve the controversial issue with the Irish border. In the end it supported the British pound. At the same time, against the background of negative sentiment and unconfirmed data, the pound remains under pressure.

The dollar index is trading with restraint negatively, returning to the psychological mark of 96.00 in the prevailing negative sentiment. It indicates the formation of a corrective movement against the background of a more significant flight of investors from risks, which also adversely affected the US state bonds profitability. At the same time, the upward trend in the US dollar remains in force. Significant support is the zone 95.80-70.

The US dollar index chart. The current price is 95.90 (10-year government bonds  yield is the blue line)

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Andre Green

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

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