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State of the market: the American dollar remains under the pressure
With the opening of trading on Monday, the downward sentiment on the US dollar remains on the market. The dovish comments by Fed Chairman Powell on risks, inflation rates and the US economy remain the reason for this. The main negative factor for the US currency continues to be the expectation of the key interest rate cut by the US Federal Reserve. Against this background, the American dollar remains under the pressure of downward dynamics across the market.
The index of the US dollar has been trading at the opening level from the start of the day, adjusting after Friday’s decline, but limited to the downward trend and resistance levels: 96.90 and 97.00. Support levels are located at the levels: 96.50 and 96.60.
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Hanzenko Anton
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