State of the market: dollar is pending the outcome of the Fed meeting

At the opening of trading on Wednesday, stock indices in the Asia-Pacific region demonstrate multidirectional dynamics. From the start of the day, there is a growth in uncertainty on stock indices, expressed by the absence of a single movement, while the growth, like the decline, remains quite significant, about 1%. A similar dynamic was caused by the growth of uncertainty in anticipation of the results of the US Federal Reserve meeting.

The US dollar index remains under pressure from uncertainty, limited to yesterday’s minimum at 96.70. The reason for the restoration of the dollar could be a rise in the 10-year US state bonds yield , which are adjusted after decline. But as long as the dollar index remains below the 97.00 mark, it will be limited by the downward dynamic.

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Hanzenko Anton

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