State of the market : the US dollar is near monthly highs after FOMC protocol

The FOMC protocol, despite all the concerns, turned out to be very restrained and pointed to the preservation of monetary policy in the USA without changes. It was signaled about the expectation of some improvement in the US economy and the reduction of possible risks. But in fact, despite restrained positive expectations, the US monetary policy will remain unchanged. It can be regarded as a positive signal for the US dollar.

Despite optimism, the US dollar index slowed growth, maintaining an upward trend. Thus, the US dollar index maintains an upward trend of recent weeks against a basket of competitors, limiting itself to restraint and resistance levels: 98.20 and 98.40. Support is located at marks: 98.00 and 97.90.

Read also: “Central Bank of Canada –
monetary policy perspectives “

Hanzenko Anton

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