State of the market: the American demonstrates growth attempts after a decline

On Tuesday, the US dollar is traded with a slight strengthening against the basket of major competitors, which is mainly due to lower pressure from the euro and stock exchanges. So, the stock indices of the Asian-Pacific region are traded above zero, thus demonstrating a slight increase on the restrained data on China and the restrained rhetoric of the Reserve Bank of Australia.

Thus, at the beginning of the day, the Reserve Bank of Australia left a key interest rate at the previous level of 1.50%. Also, one should note that GDP continues to grow according to expectations. The factor that put pressure on the Australian currency was the restrained rhetoric of the RBA and the slow growth of wages in Australia.

As a result, it caused a restrained weakening of the Australian after yesterday’s growth.

Fig. AUD/USD. Current price – 0.7630

The US dollar index was supported on correction after the decline and decline in optimism in the stock market, which allowed the American to return above the psychology of 94.00, thereby slowing the downtrend and giving hints of bottom formation.

Hanzenko Anton