State of the market: the US dollar remains under pressure

Trades on Tuesday opened with the preservation of negative sentiments at the beginning of the week. Risks related to the aggravation of trade relations between the US and its trading partners continue to have a negative impact on world markets. Stock markets in the Asia-Pacific region opened trading in a restrainedly negative after the negative signals from Wall Street. It is also worth noting that the degree of negativity has decreased against the background of correction and a slight increase in oil prices. But it’s more like a technical correction.

The US dollar index is trading lower against the basket of major competitors, which is facilitated by the preservation of risks. But it is also worth noting that the index stays near the lower boundary of the expanding formation, which can become a support in the future, which corresponds to the levels: 94.20 and 94.00.

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Hanzenko Anton