State of the Market: the American resumes growth

On Friday, there is a renewed interest in the US currency after a wave of sales, which was caused by the correction of positions in the US dollar and a decrease in the yield of the US state bonds. As a result, the US dollar index retreated from the weekly highs, but still maintains an upward trend.

The market is focused on the dynamics of stock indices and the launch of European sites, the positive opening of which can renew interest in the US currency. Against the backdrop of the positive dynamics of Asian sites, the preservation of positive sentiment is very likely.

In turn, the growth of stock exchanges in Europe and the yield of state US bonds will be supported by the American, thereby triggering the growth of the dollar index to resistance levels of 90.20 and 90.60.

Graph of the US dollar index. Current price – 89.90

Anton Hanzenko