The US dollar is in no hurry to lose the ground - Ester Holdings

The US dollar is in no hurry to lose the ground

The US dollar still maintains a positive sentiment, despite some decline during the European session. The main support for the US currency is provided by the positive data on the US GDP for 4th quarter. See The US dollar maintains a strong position. Data on the US GDP”.

At the moment, some decrease in consumer optimism in the US may put some pressure on the US currency.

  • According to published data, the consumer sentiment index from the University of Michigan in March was 101.4, which is lower than the previous value at 102.
  • The consumer expectations index from the University of Michigan was 88.8, which exceeds the previous value of 88.6.

At the moment on the hourly chart of the US dollar index formed the figure “Double top”, in the case of its development and fixing the price below the level of 89.90, the further lower of the index to the level of 89.72 is possible.

Fig. Graph of the US dollar index. The current price of DXY is 90.01.

Alexander Sivtsov

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