State of the market

The US dollar maintains an upward dynamic on the overall decline in stock indices. The reason for the decline in the indices were concerns about the slowdown of the Chinese economy. Due to growing fears commodity currencies also remain under pressure, which has accelerated the decline against the American dollar on the growth of negative sentiment.

The US dollar index at the European session updated a high at 96.45, which confirmed keeping the uptrend on the American dollar. Further growth of the dollar is limited by its overbought and resistance levels: 96.50 and 96.70.

The US dollar index chart. The current price is 96.40 (10-year government bonds yield is the blue line)

Read also: “Candlestick analysis. Continuation Patterns. Part 1”

Andre Green

Earn with the help of the trade service on the news Erste News!

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