State of the Market: stock markets resume growth

Stock exchanges of the Asian-Pacific region are traded in positive territory near the historic highs at the trades on Thursday, which is promoted by the growth of optimism regarding the world economy and the expectation of corporate earnings growth. Also, Asian stock indices are supported by positive sentiments caused by the growth of quotations on Wall Street, which was caused by the strengthening of the American.

The American currency started the day with a noticeable rise against the main basket of world currencies, thereby receding from the global lows. In turn, the main support of the American fell on the general decline of the single currency, which was caused by statements of a number of European officials on the preservation of the soft policy of the ECB.

The US dollar index managed to retreat from the three-year low and form a bottom. The further strengthening from this bottom is possible. So, the significant support levels are: 90.50, 90.20 and 90.00.

Graph of the US dollar index. The current price is 90.60.

Hanzenko Anton