State of the market. The US dollar is positive

At the beginning of the US stock exchange session, the US dollar keeps pressure on its main competitors. Major US stock indices began the session in the green zone (Dow 30 + 1.25%, S & P 500 + 1.18%, Nasdaq + 1.35%). The continuation of positive dynamics in the US stock market before the end of trading can increase the demand for risky assets, thereby providing support to the US dollar against security tools such as the Swiss franc and the Japanese yen.

The US dollar index is traded near the minimum mark of February at the level of 90.46. In case of consolidation above the level of 90.46, the continuation of the growth to the level of 90.90 is possible.

Fig. Graph of the US dollar index. The current price of DXY is 90.28.

Alexander Sivtsov