State of the market: the US currency continues to grow

At the start of trading on Tuesday, the US dollar index showed growth, which was caused by data that the United States and China reached mutually beneficial agreements. It means, first of all, a reduction in trade tension between these countries and a weakening in trade restrictions in the future. In addition to support for the US currency, this news supported the commodity currencies of the Asia-Pacific region. At the same time, there are no clear changes in trade relations between the United States and China, which caused an increase in market uncertainty and the formation of candlesticks with a shadow length.

The US dollar index on these reports shows a more steady growth, which is also due to the continued upward trend in the American dollat. The US dollar index is testing a significant resistance at 97.20-00, fixing above which will open the way to the level of 97.50.

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Hanzenko Anton

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