American dollar resumes decline on weak sales data - Ester Holdings
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American dollar resumes decline on weak sales data

The publication of the report on retail sales in the US didn’t meet the expectations of the market, which increased skepticism about the American. To a greater extent, retail sales in the US turned out to be restrainedly negative, which, against the backdrop of the correction, could serve as a renewal of the American dollar decline.

On the other hand, the restraint of the US government bonds and European stock markets indicates the reluctance of the market to support the US currency. Also, do not forget about partial correction of the correction for the dollar, as a result, we should expect a further decline in the dollar index to the support levels: 89.50 and 89.30-20.


US dollar index Graph. The current price is 89.70.

Hanzenko Anton

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