State of the market: the American dollar is under the pressure of movement against Friday - Ester Holdings

State of the market: the American dollar is under the pressure of movement against Friday

With the opening of trading on Monday, the market shows restraint due to the lack of significant drivers for movement and low activity. In the conditions of market restraint, the US dollar was under the pressure of correction, which intensified the decline after Friday’s strengthening. In addition to the technical correction against Friday, negative sentiment on the stock markets exerts pressure on the dollar.

The US dollar index opened the week with a decline, adjusting against Friday’s growth, while maintaining the upward trend of the current month. An uptrend will limit attempts to reduce the support level of 98.20-00, from which we can expect the formation of an upward reversal. An additional factor for the decrease in the US dollar may be the strengthening of pessimistic sentiments around the US-China trade agreement.


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Hanzenko Anton


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