The US economy remains optimistic

Business activity in the US services sector for March continues to grow at a restrained pace, thus pointing to the growth potential of the US economy. The dynamics of the US dollar reacted very moderately to positive data, which was caused by the negative opening of American stock exchanges.

Despite the very steady growth of the European stock exchanges, trading on Wall Street opened with a decline, indicating that fears remain in the US economy, thanks to the possibility of a trade war against the United States. Recovery of the US stock exchanges is quite possible on the positive closing of Europe and positive statistics for the United States. But the fears of the market regarding new actions to exacerbate trade relations on the part of Trump will adversely affect the US currency and US stock markets, thereby limiting their possible growth.

Graph of the US dollar index. The current price is 90.00.

Hanzenko Anton