State of the market

The main instruments of the currency market demonstrate mixed dynamics in the course of trading on Thursday. In general, this dynamics is connected with technical factors and correction of positions before the long holidays in the US and Europe in connection with the celebration of the Catholic Christmas. Yesterday the US Senate voted for implementation of the tax reform in the United States, nevertheless, even among US officials, there are doubts are about whether the tax reform will have a significant impact on the country’s economy.

Due to the mixed sentiment about the tax reform in the US and the weak yield of state bonds, the US dollar index moves in a narrow range for the second consecutive session.

Fig. Graph of the US dollar index. The current price of DXY is 93.282.

Alexander Sivtsov