The main market's drivers: the dollar keeps growing - Ester Holdings

The main market’s drivers: the dollar keeps growing

In the European session, the US currency and the market in general demonstrated multidirectional dynamics. So, despite the positive start of stock indexes in Europe, which increased the pressure on the American dollar, the market returned to the strengthening of the US dollar. The reason for the resumption of growth of the dollar was the technical factors and the preservation of some uncertainty around the US – China trade negotiations.

Thus, the dollar index, after updating a low at the level of 95.70, resumed its growth to the psychological resistance of 96.00. But it is worth noting that the downward trend in the US dollar index persists, indicating the potential for a decline in the dollar at a break from the psychology of 96.00.

The US dollar index chart. The current price is 95.90 (10-year government bonds yield is the blue line)

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Andre Green

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