State of the market: the American currency remains under pressure

After the publication of an ambiguous report on employment in the US, the US currency significantly slowed the upward movement, which was traced at the beginning of the day. An additional negative factor for the American is the decline in the profitability of the US state bonds, which also dipped on employment data. But, on the other hand, the positive opening of the American stock markets limits the pressure on the American, which in the end can slow down the already low-priced decline in the US dollar.

As a result, the main currency pairs remain very restrained due to the uncertainty of the market, although they indicate the preservation of the potential for correction relative to the US dollar.

Fig. EUR/USD. The current price is 1.1760.

Hanzenko Anton