State of the market: the US dollar remains under pressure due to the trade opposition risks decrease

Trading on Friday opened with a similar decline in the dollar against risky assets, including the Chinese yuan after the collapse of the US dollar on Thursday on the growth of optimism and reducing the risk of the US and China trade confrontation. The reason for the US dollar sale was the US President D. Trump statement about productive talks with Chinese President Xi Jinping regarding trade relations. It was the reason for the correction of the dollar after a long increase in trading risks.

From the start of the day, the US dollar index has remained under the pressure of optimism and has overcome significant support at 96.30, breaking through which opens the way to 96.00. In turn, the decline of the American dollar will also be limited to the upcoming  employment data in the United States, against which it is  possible a correction.

Read also: “Stock Indices: Asia-Pacific Region”

Hanzenko Anton

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