The main market’s drivers
The US dollar continues to trade with a strengthening on the escalating risks surrounding the US trade war. Thus, support for the US dollar was provided by the data that negotiations on the NAFTA trade agreement between the US and Canada reached a deadlock after the Canadian official in the talks said that he doubted the deal by NAFTA agreement.
This exacerbated the already acute state of the market, which remains negative after Trump’s next comments on the new duties against China.
As a result, the US dollar index overcame the resistance at 94.80 and aimed at 95.00. But it should be noted that before a long weekend in the US and Canada, the celebration of Labor Day, a sharp correction of positions is possible.
The US dollar index chart. The current price is 94.70 (10-year government bonds yield is a blue line)
Read also: “Interest rate. Analysis of changes in interest rates on the basis of economic indicators “
Andre Green
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