The main market’s drivers
The main driver of the market on Monday remains the movement against Friday in the US currency. The main correction of the dollar can be traced against the euro. In most other cases, the American dollar’s corrective decline is less pronounced. Relative to commodity currencies, the US dollar has maintained an upward trend.
The US dollar index weakened on the correction against the growth, approaching the support of 97.30. In conditions of restraint, it is possible to continue the decline with the test of the support level of 97.20-10. But it is also possible to form a flat and move within the trading range of the day.
Fig. The US dollar index chart. The current price is 97.40 (10-year US government bonds yield is the blue line)
Read also: “British Pound (GBP) –
Features of trading on cross-rates»
Andre Green
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