State of the Market: the US dollar remains under pressure

On Monday, the US currency remains in a downward trend against the main basket of world currencies, after yesterday’s recovery. The reason for the weakness of the American remains the growth of risks associated with US trade relations, which are actively being reviewed recently. Thus, at the moment the market is waiting for news on the Trans-Pacific Partnership (TPP), from which, first of all, Japanese yen can suffer.

The dollar index remains in the downtrend, in the correction phase, receiving support from the positive dynamics of the stock indices. Significant levels of resistance for the American remain the mark: 89.50 and 89.70.

Graph of the US dollar index. The current price is 89.50.

Hanzenko Anton