State of the Market: the American recovered slightly

In Europe, the US currency managed to recover moderately based on the correction after the decline, which was caused mainly by a decline in European currencies. Also, the US dollar was supported by expectations of forthcoming data on business activity in the US services sector and continued relatively low activity in the market.

Stock exchanges and commodity assets are traded above zero, which acts as a limiting factor for strengthening the American and supports commodity currencies. Profitability of the US state bonds remain below zero, which puts pressure on the American.

As a result, the dollar index is traded with a plus, showing an increase of about 0.25%, while limiting itself to the support level of 91.600-500 and resistance of 91.900-92.000.

Graph of the US dollar index. The current price is 91,800.

Hanzenko Anton