State of the market: the market sells the American currency

In Europe, the US currency continued to weaken under pressure due to the strengthening of raw materials and European currencies. In the conditions of the “thin market”, the market remains negative about the US currency, which is confirmed by the restrained negative dynamics of the US state bonds.

The stock markets in Europe show a slight decline due to the low trading volumes. Commodity assets maintain positive dynamics, limited to overbought.

The US dollar index keeps a downward trend due to the low liquid market, limited to support levels: 92.000 and 91.800. In this case, the technical picture indicates the possibility of maintaining the downward dynamics of this index.

Graph of the US dollar index. The current price is 92.200.

Hanzenko Anton