State of the market. The US dollar retreated from the highs

With the start of trading on US stock exchanges, the US currency retreated from daily highs against a basket of currencies. The redistribution of capital is clearly visible on the market, since the yield of state-owned companies is very high. US bonds went to growth, and stock exchanges show a decline in early trading. Dow -0.33%, S & P 500 -0.19%, Nasdaq -0.23%.

On the daily chart, the US Dollar Index keeps forming the figure “Double bottom“, against which there still remains the potential for the recovery of the dollar index to the level of 92.0.

Fig. Graph of the US dollar index. The current price of DXY is 89.48.

Alexander Sivtsov