State of the market : the American dollar is under pressure

From the start of trading on Wednesday, the US currency weakened against a basket of major competitors. It was caused by the publication of a plan on reducing the budget deficit in Italy. Yesterday the euro demonstrated growth attempts to reduce the risks associated with the Italian budget also. Today, the euro moved away from the pressure of risks finally after a plan was published on reducing the Italian budget deficit to 2% by 2021.

Since the start of the day, the US dollar index has been trading downward in reducing risks in the eurozone, thus being under pressure and testing the support level of 95.30. Zone from 95.30 to 95.50 acts as a reversal under current conditions and fixing the index below 95.30 will open the way to psychological support of 95.00.

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Hanzenko Anton

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

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