State of the market

During today’s trading, most of the major instruments of the currency market show a rather restrained dynamics, which is due to the lack of any catalysts and a significant news background in the economic calendar. This dynamics of currency instruments is also connected with the expectation of the key event of the week, namely, the results of the December meeting of the Fed, which will be published on Wednesday, December 13.

After some correction on Friday, the US dollar index moves in a fairly narrow range, finding some support at 93.650, from which the resumption of the index growth is expected.

Fig. Graph of the US dollar index. The current price of DXY is 93.695.

Alexander Sivtsov