The massive sale of the US dollar observed in the last sessions showed tentative stabilization signs. The DXY was for the last time at levels of 99.66, the FX analysts of OCCBC, Frances Cheung and Christopher Wong point out.
The daily impulse is slightly bassist
“American assets recovered some lost land, with treasure bonds and actions finding some demand during the night. Profit in the pairs of secure refuge currencies, including Chf, JPY and EUR, slowed down. FX volatilities have also decreased, although they still remain close to high levels.”
“During the night, it was said that Trump was considering possible exceptions to his tariffs on vehicles and imported parts to give automotive companies more time to establish manufacturing in the US. The temporal respite should see backward operations of the recent disproportionate movements in the currency markets.”
“The daily impulse is slightly bassist, but the RSI shows signs of rising again from overall conditions. Resistance in 100.5, 101.20. Support in 99.5, 99.1. Next week brings the manufacturing index of the empire tonight, retail sales and IP tomorrow, followed by housing data on Thursday.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
