State of the market: the dollar keeps positive dynamics on global risks

Tuesday opened with a restrained growth of the US currency against the basket of major competitors to preserve risks. So, the euro continues to be restrained by the pressure of political risks in Germany, which are questioning the integrity of the ruling coalition. On the other hand, the American dollar is also supported by a weak Australian dollar and increasing risks around China.

An additional factor for the decline of the Australian dollar was the RBA meeting, which kept interest rates unchanged, and rhetoric remained restrained-soft. As a result, on the stock markets the persistence of negative sentiment can be observed, despite attempts to increase stock indices on the American session.

The US dollar index, after yesterday’s strengthening on the euro sale and a restrained correction, continues to trade with an upward trend, limited to support levels: 94.80 and 94.60. At the same time, the main resistance was located at the levels: 95.00 and 95.20.

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Hanzenko Anton