State of the market: the American dollar maintains an upward dynamics

High volatility remains on the market due to published data at the beginning of trading on the market. So, at the start of the day, the key interest rate was lowered by 0.25% to 1.00% according to the RBNZ meeting results. This was the reason for the weakening of the currencies of the Asia-Pacific region against the US dollar. The general market sentiment remains restrained positive, which may support European stock indices.

The US dollar index at the start of the day updated the high at 97.80, which was associated with the collapse of the New Zealand and Australian dollars. But, despite the surge in volatility, the dynamics of the US dollar index against a basket of competitors remains upward. This is confirmed by the American dollar fixing above the level of 97.50.

Read also: “Long-term investments in currency pairs!
USD/DKK pair”

Hanzenko Anton

---

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

Topical articles of the trader’s blog:

1. The results of the July Fed meeting for the market
2. Trade signals results for half a year
3. What does British pound wait for with a new prime minister