State of the market: the American dollar continues to grow

Since the start of trading the US currency has maintained a positive trend across the market spectrum on Thursday, which has been maintained since the US session. The reason for the general growth of the US dollar was a significant increase in the US state bonds profitability and maintaining optimism on the part of the Fed, which also contributes to the growth of the American dollar.

Earlier in the day, the US dollar updated its annual maximum against the Japanese yen and a two-month maximum against the Swiss franc, pointing out that the status of the safe harbor remains in a very turbulent market.

The dollar index against the basket of competitors has been trading above the psychology of 96.00 since the beginning of the day, thereby being limited to overbought and resistance levels of 96.20-30 and 96.50. Strong support is located at levels: 95.70 and 95.50.

Read also: “The internal correlation of the foreign exchange market: Ghost of the past or a tool for trading in future?”

Hanzenko Anton

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