The main market drivers
The main market dynamics remains dominated by sentiment and published data. Thus, the British pound gained a support on the message that British Prime Minister B. Johnson and Irish politician L. Varadkar can offer a way to achieve a deal on Brexit. Tomorrow this idea will be discussed with EU representatives. As a result, the pound received a support, but continues to be limited by risks.
The US dollar also received a support on positive expectations for tomorrow’s meeting of US and Chinese leaders. But uncertainty and risks give a limiting effect on the American dollar. The US dollar index remains under the pressure from risks and speculative sales, limiting itself to support: 98.70 and 98.50. Resistance is located at the levels of 99.00 and 99.20.
Fig. US dollar index chart. Current price – 98.80 (10-year US government bonds yield – blue line)
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Andre Green
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