State of the market: the dollar is restrained after Friday’s growth
At the opening of trading on Monday, the main dynamics of the market is aimed at a moderate correction against Friday, as a result of which the US dollar strengthened significantly. The growth of fears for the exacerbation of the US – China trade confrontation, which as a result persists at the opening of the week in the form of negative dynamics of stock indices in the Asia-Pacific region, was the driver to the growth of the dollar.
At the start of the week, the US dollar index was traded with a slight decrease, remaining near a significant resistance of 96.70. With the persistence of pessimistic sentiment in the market, the upward dynamics of the dollar will continue, but will be limited to attempts of correction and support levels: 96.50 and 96.30.
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Hanzenko Anton
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