State of the market: the dollar recovers on reduced optimism

From the start of trading on Thursday, the US currency has been trading with a moderate strengthening on correction and a decrease in optimism in stock markets. Yesterday, the American dollar came under considerable pressure from a statement by the US Federal Reserve representative, who confirmed market concerns that the Fed would slow down the rate of interest rates in the United States. Also, it is worth highlighting the decline in optimism in the stock markets of the Asia-Pacific region, which are traded in different directions at the opening level. The reason for this movement is the weak inflation data in China and the lack of data on the results of the US-China trade talks.

As a result, the US dollar index is trading with a strengthening on the return to the trade channel and correction after a decline. The levels limiting the upward trend of the American dollar are located at the levels of 95.30 and 95.50. The support is the marks: 95.00 and 94.80.

Read also: “The Eurozone and the state of its economy based on key economic indicators”

Hanzenko Anton

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