The main market’s drivers

After reports that the ECB is considering new inflation targets, the US dollar has strengthened sharply against a number of world currencies. What is the main growth of the American dollar followed against the euro and the Swiss franc. Against the background of the strengthening of the American dollar, which was strengthened by data on the United States, negative sentiments on stock exchanges became more acute.

The US dollar index as a result returned to the level of the opening of the day, solely on the weakness of the euro. By this, he slowed down the downward trend, but retained the potential for a decline on rebound the resistance zone: 97.30-40. Support continues to act marks: 97.10 and 97.00.

Fig. The US dollar index. The current price is 97.20 (the yield on 10-year US government bonds is the blue line)

Read also: “Japanese Yen (JPY) – Features of trading crosses”

Andre Green

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

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