State of the market: Fed’s protocol gave a support to the American dollar

The US dollar shows a modest growth with the opening of trading on Thursday. The main strengthening of the American dollar can be seen against the euro and the pound on the risks of Brexit. Yesterday’s publication of the US Federal Reserve Protocol reaffirmed expectations for further tightening of monetary policy in the United States. It continued to provide major support to the American dollar, giving a significant support to the US currency at the end of trading on Wednesday.

The US dollar is also optimistic before the opening of the European session on Thursday. But it is already limited to overbought and resistance levels of 95.70-80. Against the background of the strengthening of the dollar, stock indices turned out to be under pressure, which returned to pessimistic sentiment on the risks associated with a strong US dollar.

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Hanzenko Anton

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