State of the market: the American remains near the highs

After yesterday’s growth of the US dollar across the entire spectrum of the market on the growth of yield of 10-year US state bonds, which reached a profitability of 3.08%, the US dollar index was able to update the current high at 93.40, followed by a correction.

Despite a very rapid correction, the American did not pull back strongly because of the upward dynamics on the state bonds. Therefore, the dollar index remained slightly above the expected range, namely from 93.20 to 93.40. In conditions of maintaining the upward dynamics of US treasury securities and the absence of a significant correction, the US dollar index is likely to test the resistance level at 93.40-50. But it’s also worth keeping an eye on today’s news that will set the sentiments in the market.

Hanzenko Anton