State of the market: the American remains in the flat

Trades in the European session remain very restrained, despite the published statistics on Europe, which caused a decline of the pound. In this case, most of the main pairs remain in the sideways trend.

The dynamics of the dollar index has not changed significantly since the beginning of the day, remaining clamped in the range from 89.50 to 89.70, thus indicating a slowdown in the downtrend in the US dollar. The limiting factor for the dollar is the ambiguous dynamics of world stock indices, which limits the correction in the dollar.

Graph of the US dollar index. The current price is 89.60.

Hanzenko Anton