State of the market: the dollar returns to decline after correction

After a rapid correction on Thursday, the decline, the US dollar opened Friday trading with weakening. The weakening of the American dollar is due to the continued pessimism after the meeting of the US Federal Reserve meeting and the dollar being overbought after the yesterday’s growth. The decline of the American dollar on Friday can be traced against the euro and remains very restrained.

The US dollar index has slowed the downward trend of recent weeks. In fact, after updating the high at 96.60, the downward trend slowed down, but remained. In the face of declining market activity, the dollar index is expected to move in the range from 96.50-70 to 96.20-00.

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Hanzenko Anton

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