The main market’s drivers

Before the opening of the US session, the US dollar managed to strengthen restrainedly against the basket of its main competitors. The growth of the US dollar was seen more on European currencies and gold, caused by weak statistics on the euro area and the UK and the growth of optimism about the American dollar before expecting rates hike in the US.

The general dynamics of the US dollar index will remain limited due to the US Federal Reserve’s protocol. The main trading range for the American dollar before the publication of the Fed protocol shifted to levels: from 94.50-40 to 94.10-00.

The US dollar index chart. The current price is 94.10 (10-year government bonds yield is a blue line)

Read also: “Long-term positions on world indices”

Andre Green

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

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