State of the market: the American is losing ground

With the opening of a new trading week, the US dollar remains under pressure across the entire spectrum of the market, which is caused by continuing concerns about the US economy and further sell-offs of the American because of the rising world stock indices. So, the stock markets of the Asia-Pacific region continue to show growth, testing historical highs on the positive closing of Wall Street.

In the financial market, the dynamics of preserving the Friday sentiment aimed at selling out the American is traced, which was caused by inflation data in the USA. Also, the market keeps the general negative sentiment towards the US dollar, which is expressed by the general strengthening of the world currencies.

Based on the sale of the American, growth outsiders remain assets of safe haven, which, despite the strengthening against the American, weaken against other competitors. Such dynamics is caused by the growth of stock indices and raw materials due to the optimism of the market. It is also worth noting that on the market is considerable oversold of the American. And since today is Monday, the movement against Friday is possible.

Graph of the US dollar index. The current price is 90.50.

Hanzenko Anton