State of the market: the American dollar is under pressure of correction

With the opening of trading on Monday, the US dollar index remains under pressure from the correction against Friday, where it showed a rapid increase in the technical correction. The pessimistic sentiment on the stock exchanges in the Asia-Pacific region is a limiting factor in the dollar decline. At the start of the week, data on imports and exports of China put pressure on the indices, which have fallen significantly, reinforcing concerns about the relative global economy.

From the start of the day, the US dollar index has been trading with a decrease on a rebound from the level of 95.70 and correction after growth, while limiting to the side channel 95.70-95.50, which is associated with an increase in risks. The US currency maintains an upward trend, limited to correction and support levels: 95.50 and 95.30.

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Hanzenko Anton

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