State of the market: trade tensions risks returned to the fore

The dynamics of the US dollar index shows a strengthening against the basket of major competitors in trading on Tuesday, maintaining an uptrend and receiving support from the possibility of aggravating the trade confrontation between the United States and China. As it became known, the Trump administration is preparing a package of tariffs for all the remaining goods from China, which were not previously taxed, which fueled interest in the American currency against the backdrop of rising optimism.

Despite this possibility of exacerbation of trade relations, stock exchanges in the Asia-Pacific region are trading in the black, as are China’s indices. As a result, safe havon assets remain under pressure.

The US dollar index is trading with a strengthening near the opening of the day, maintaining the potential for growth, but limited to the resistance levels of 96.80 and 97.00. Support is located at the levels: 96.50 and 96.30.

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Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

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