The main market’s drivers
Trades at the European session were held under a general optimistic mood, that increased the demand for risky assets and put a noticeable pressure on the US currency. The reason for such a movement continued to be general optimism around the US-China trade talks, which grew with the opening of trading on Monday after the US President D. Trump announced the postponement of new duties on Chinese goods.
The Australian and New Zealand dollars received a considerable suppor under the general growth of optimism. The US dollar index is trading lower on Monday, keeping the downward dynamics of last week. Update of the low at 96.30 points to the preservation of the downward trend and opens the way to support: 96.20 and 96.00.
The US dollar index chart. The current price is 96.40 (10-year government bonds yield is the blue line)
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Andre Green
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