State of the market: the dollar slowed down its growth

After moderate trading on Wednesday, the dynamics of major currency pairs on Thursday remains limited. The restraining factor for the market are the upcoming news in the eurozone and the USA. Also, the American dollar is limited by the possibility of the US Federal Reserve rates cuts next week.

The US dollar index is limited to the Wednesday trading range from 97.80 to 97.50. This may indicate signs of slowing dollar growth and the formation of a correction. Significant resistance settled at levels: 97.80 and 98.00. The support is the marks: 97.60 and 97.50.

Read also: “Central Bank of Canada –
the prospects for monetary policy”

Hanzenko Anton

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