State of the market: the dollar is weakening on trade optimism

From the start of the day, the market has maintained a moderate increase in optimism on the evidence that D. Trump is considering a temporary trade deal between the United States and China. This served as a driver for the moderate growth of stock indices in the Asia-Pacific region. Despite optimism, the US dollar and commodity currencies remain under moderate pressure. The reason for this is the growing pessimism regarding the US dollar.

Since the beginning of the day, the US dollar index has been trading down in the established trading channel 98.50-20. After multi-directional movements yesterday, the American dollar retains the potential to decline on the expectation of stimulating the US economy.

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Hanzenko Anton

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

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