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The main market’s drivers
The dynamics of the main currency pairs on trades in Europe remains restrained and multidirectional. The exception was a pair of Japanese yen and the Australian dollar, where the first receives a support from possible risks, and the second from the RBA meeting results. European stock indices are also traded in different directions, maintaining uncertainty in the market, which was formed after the growth of optimism in the US-China trade talks.
The US dollar index is trading near significant support of 96.70, forming a low-key correction against Monday’s upward movement. Zone 96.70-60 is a strong level of support, on the rebound from which we can expect continued growth of the American dollar.
Fig. The US dollar index chart. The current price is 96.80 (10-year US 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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