State of the market: the dollar accelerated its growth

With the opening of trading on Friday, the US dollar is growing rapidly against a basket of competitors. Moreover, the strengthening of the American dollar to a greater extent throughout the market is uniform, indicating the strength of the American dollar. The reason for the growth of the US dollar remains optimism regarding the Jackson Hole symposium and less dovish expectations regarding the US monetary policy. Despite growing optimism about the dollar, trade risks remain the limiting factor for the American dollar, which, in turn, may become aggravated by the resumption of the US-China trade talks.

The US dollar index has been growing since the opening of the day, which was caused by the growth of the US government bonds yield. As a result, the dollar index against a basket of competitors moved from weekly lows, indicating the preservation of the side channel from 98.40-50 to 98.20-10.

Read also: “U.S. and E.U. Trade War”

Hanzenko Anton

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

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