The market is preparing for a report on employment in the US

At the beginning of the day, the US currency shows a slight increase after another wave of sales. The restrained growth of the American is caused by the doubts about the US foreign policy and the possible risks associated with this. In addition, the market prefers to invest assets in world economies, which are just beginning to tighten monetary policy. At the same time, the market pays close attention to the publication of data on employment in the US.

The positive dynamics of the stock indices of the Asian-Pacific region and the slight correction of the American at the beginning of the day indicate a continuation of pessimism about the American. The market remains negative about the US dollar, while waiting for data on employment in the US.

The dollar index is limited to the current year lows at the levels: 88.40 and 88.20, which probably will make significant support levels before the release of data on employment in the US.

Graph of the US dollar index. Current price – 88.50

Hanzenko Anton