State of the market: the American restores the onslaught

On Thursday, the US dollar accelerated the recovery against the main competitors, after a sharp decline due to the China’s statement on the possibility of stopping the purchase of the US bonds. After, the refutation came out, indicating that the market was acutely aware of this news. As a result, the US currency resumed its onslaught against its main competitors.

The exception is the Australian dollar, which was supported at the beginning of the day by strong data on retail sales, which increased significantly in November by 1.2%. As a result, commodity currencies are traded very restrained against the American, which is caused by a restrained dynamics of raw materials and negative dynamics of stock indices. The negative dynamics of stock exchanges is caused by the persistence of uncertainty in the market and the expectation of large companies reporting.

Graph of the US dollar index. The current price is 92.20.

Hanzenko Anton