State of the market: the American dollar keeps attempts to grow

With the opening of trading on Tuesday, the US dollar continues to attempt to strengthen the correction after a decline. The main growth of the American dollar is tracked against safe-haven currencies. The overall market dynamics remain low-key and limited to existing trade channels. Commodity currencies received support at the start of the day, but they are limited to the restrained dynamics of stock indices.

The US dollar index maintains a restrained dynamics at the close of Monday. This he slowed down the downward trend for the American dollar, but remained limited to the resistance level of 97.00. The resumption of the dollar decline is expected when the American dollar returns to the level of 96.80. Otherwise, flat may form in the side channel.

Read also: “Australia: the state of the economy and prospects
for raising the interest rates of the RBA”

Hanzenko Anton

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