The state of the European market: the pressure of the US dollar weakens

The rising dynamics of the US currency slowed noticeably in the second half of the day based on the decline of optimism and overbought of the American. The reason for the decrease in demand for the US dollar were the weakening of European stock indices and the expectation of the speech of the US Federal Reserve Chairman J. Yellen, whose speech will take place today.

There is also some uncertainty in the market ahead of data on the number of open vacancies in the US and the dynamics of raw materials, which also turned out under correction after growth. The market expects data on the US, which can resume the morning rally on the American and act as a factor for further strengthening of the dollar against major competitors.

The main resistance to the dollar index continues to be the level of 95.00. The breakouttrough of it will indicate the further strengthening of the American and the preservation of the uptrend.

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Hanzenko Anton