The main market’s drivers
The foreign exchange market behaves very discreetly, taking a waiting position before publishing the results of the US Federal Reserve meeting, which is expected to lower rates and hints at further US monetary policy.
Stock indices show a decline from the start of the day, remaining under the pressure from risks. For example, the US President D. Trump criticized the US-China trade talks, accusing China of not complying with the agreements. Trump also stepped up pressure on the Fed, saying that he was disappointed with the policies of the Central Bank and called for a more significant reduction in rates.
The market did not actually respond to the statements of the US President, continuing to trade with restraint on waiting for data from the Fed. The US Dollar Index slowed down the corrective decline, retaining the side channel from 98.20 to 98.00. The American dollar could be supported by the risks that intensified against the background of the US – China trade confrontation.
Fig. The US dollar index chart. The current price is 98.20 (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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