The main market’s drivers

After the publication of positive data on inflation in Germany and on consumer confidence in the US, the US dollar slowed growth, but the euro did not receive significant support. As a result, investors switched to risky assets. The reason for it was the positive opening of trading on Wall Street. Against the background of renewed optimism, the market moved to the correction and growth of risky assets, which is particularly evident in commodity assets and currencies.

The US dollar index returned to the level of the opening of the day on the correction after the growth caused by the growth of optimism, but continues to trade with a strengthening, confirming the uptrend and the potential for growth. At the same time general risks remain and provide a support to the American dollar, despite the growth of optimism in the stock markets.

The US dollar index chart. The current price is 96.80 (10-year government bonds yield is the blue line)

Read also: “Black Swan and its prospects in the near future”

Dani Leviant

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

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