The main market’s drivers

Most major currency pairs weakened against the US dollar during the European trading session on Monday. The main growth of the American dollar was traced against European currencies. This movement is due to low market activity due to the weekend in the UK and the USA. Since trading on American trading platforms will also be limited, the possibility of preserving the existing dynamics, but with a smaller amplitude of movement, is not excluded.

The US dollar index remains in the correction phase against Friday, limited to the resistance level of 97.80-90. It is worth noting that, despite the correction, the American dollar remains under the pressure, which can resume with the return of activity and risk in the market.

Fig. The US dollar index chart. The current price is 97.70 (10-year government bonds yield is the blue line)

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Andre Green

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