The main market’s drivers
With the positive opening of trading on Wall Street, the US dollar resumed its growth against a basket of major competitors. Support for the American dollar had a decline in the US government bonds yield and maintaining optimism. At the same time, the main strengthening of the American dollar can be traced against the safe haven assets, which is due to the reduced risks.
The US dollar index on this optimism has returned to strengthening and is testing the strength of significant resistance at 96.20, which served as the upper limit of the lateral dynamics. In the conditions of breaking through resistance and maintaining optimism, a further growth of the American dollar is possible, but it will not be long because of the upcoming weekend and the general constraint of the market in the absence of significant drivers.
The US dollar index chart. The current price is 96.20 (10-year government bonds yield is the blue line)
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Andre Green
Earn with the help of the trade service on the news Erste News!
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