The US currency continued its decisive offensive on the global currency market on Wednesday, adding 0.5% on the USDX index. In total, during this mini-rally since April 17, growth has exceeded 2% and sent the dollar to the highs since January. Strengthening is connected with the growth of interest rates, which makes purchases of dollar debt securities more attractive in comparison with analogues from Europe and Japan. In particular, the attractiveness of rates for further weakening of the USD is reduced: the interest for servicing this deal has grown, while the rate has not been able to update the lows.
The EUR/USD failed yesterday in the second half of the day below 1.22, touching on the lows of the 1.216 level, which was not seen from the middle of January. At the same time, US stock markets once again found support on the approach to the 200-day average. As a result, the main indices managed to demonstrate a small strengthening on the basis of the environment, and futures a little more (+ 0.2%) added at the start of trading on Thursday. Thus, the US stock markets can not yet cross the line, which is considered a signal for a serious sell-off.
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