Dollar is under the pressure

The US dollar weakened sharply against a basket of major competitors in the negative opening of trading on Wall Street. The reason for the negative opening of the US stock indices became the official comments of China that he is ready to defend his rights and unilaterally introduce retaliatory tariffs.

It should be noted that the collapse of the US dollar index is of a pulsed character and has a speculative character. The US dollar index will be limited to support at 97.30-20. There is also a high degree of probability of correction to resistance levels: 97.60 and 97.70.

Fig. The US dollar index chart. The current price is 97.30 (10-year government bonds yield is the blue line)

Read also: “Emerging markets and their prospects:
Chinese yuan (CNH or CNY) “

Hanzenko Anton

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