The main market’s drivers

The main driver of the market and a deterrent is the expectation of primary elections in the United States, or rather, the expectation of its results. As a result, negative sentiment for the US currency is being held in the market with restraint, which is caused by the expectation of negative mid-term elections for Trump. The majority of preliminary polls says the leadership remains for the Democrats, which carries some political risks for the Trump presidency. The Democratic victory in the midterm elections will significantly complicate the work of the Trump administration, which could also stress the US dollar position.

The US dollar index actively realizes this opportunity while remaining under pressure. The growth of volatility on speculation in the US elections should be expected closer to tomorrow. So far, the US dollar versus the basket of competitors is limited to support levels: 96.20 and 96.00.

The US dollar index chart. The current price is 96.20 (10-year government bonds yield is the blue line)

Read also: “The Economy of Switzerland. How much is the lowest discount rate in the world. ”

Andre Green

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