The US dollar is adjusted based on the US data

The US currency gained appreciable support from positive data on the basic producer price index (PPI) in the US (m/m) for November, which was 0.3%. As a result, the index of the US currency against the main competitors recovered after the morning decline and is trading at the opening day level.

Also, do not forget about tomorrow’s meeting of the US Federal Reserve, which acts as a deterrent for the American and will limit the dynamics of the US currency.

Therefore, the US dollar index is expected to maintain the sideways trend, which will be limited to a resistance level of 94.000 and a support level of 93.700-500.

Graph of the US dollar index. The current price is 93.850.

Hanzenko Anton