The state of the Asian market: the American ignores political risks in the US

The new working week was opened by a noticeable strengthening of the American based on the positive dynamics of the stock indices of the Asia-Pacific region and the resumption of the dynamics of the past week, after the US dollar fell at the end of Friday due to the new data concerning Trump’s connection with Russia. The new week opened with the growth of the American based on the fact that the latest data on Trump could be false.

As a result, the market completely ignored the Friday’s decline of the American and significantly recovered from data on the approval of the US tax reform. The revised US tax reform was approved on Saturday, which also retains some uncertainty in the market.

For more information on market state, see Expert Opinions and Technical Analysis.

Given the recent optimistic data on the tax reform in the United States and the ambiguity of the Trump case, the US currency remains somewhat uncertain. Still limited to support levels of 93.000 and 92.800, while indicating the possibility of breaking through the downtrend with further strengthening.

Graph of the US dollar index. The current price is 93.100.

Hanzenko Anton