State of the market: the dollar remains optimistic

On Friday at the start of the day the US dollar traded with a slight decrease against the basket of major competitors, while remaining above the level of 95.50 and retaining the potential for strengthening and points earned yesterday. Despite the new round of trade confrontation between the US and China, the next duties were applied.

At the start of the day, the Australian dollar was supported by the appointment of the new Prime Minister of Australia. Earlier, the Australian dollar was under considerable pressure due to the resignation of several Australian ministers.

The US dollar index continues to trade in an uptrend, limited to correction after the publication of the optimistic FOMC protocol, which confirmed the Fed’s intention to raise rates in September. Now the dollar can be supported by the speech of the US Federal Reserve Chairman Powell, which will take place in the framework of the symposium in Jackson Hole.

Read also: “Trade balance influence on the country’s economy”

Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

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