The dollar will definitely remain the favorite currency of the market this week - ConsultFX

The dollar will definitely remain the favorite currency of the market this week


Dollars are growing! In this case, we are talking primarily about the American and Australian, the first confidently updated the two-month maximum, and the second quickly compensates for the recent losses. The impetus for growth was expectations of progress in trade negotiations between the US and China and a preliminary deal that would avoid the closure of the US government.

US lawmakers have signed an agreement on financing border security, which may prevent another partial closure of the government, this news will fuel growth. In addition, the markets are optimistic about the course of trade negotiations. At the same time, the dollar remains the favorite currency of the market, regardless of whether growing concerns about the global economy or the risks associated with the trade conflict between China and the United States, as well as the closure of the government. The growth of the dollar is also caused by growing caution regarding the prospects of its main competitors, in particular, the euro and the British pound. Weak data from Europe reduced market interest in the single European currency. The euro is trading near a three-month low. Sterling generally remained stable, but its future does not look bright. Until March 29 - the dates of how Britain leaves the European Union - there are only a few weeks left, and investors are increasingly concerned that the Brexit transaction will not take place.

The material has been provided by InstaForex Company -