The dollar is growing because economic problems no longer seem to be a problem

The dollar continues to move up and has already updated its two-week high against the yen. Its weakening concerns about the weakness of the global economy, which raised the yield of US bonds from 15-month lows and contributes to the strengthening of the currency. It is worth noting that the growth in profitability was made possible by encouraging production data in the USA and China, optimism in this regard prompted investors to reduce their safe assets and return to more risky ones. The dollar will benefit from what is happening on the market and go up. In addition, it is worth noting seasonal factors that also help the dollar as the demand for currency attracts more and more traders. The observed sequence of positive reports increases risk appetite after excessive pessimism about the global economy dominated the markets during March.


The rest of the special changes are not observed. The euro is slightly cheaper while the pound fluctuates depending on news related to Brexit. On Monday, it was up against expectations of an agreement reached then went down on Tuesday, after Theresa May's failure in parliament. The Australian dollar fell by 0.25 percent to 0.7092 dollars, but overall, it is holding up well. The reaction of the Australian to the decision of the Reserve Bank of Australia to leave interest rates unchanged at the level of 1.50 percent was limited because the decision was expected.


The material has been provided by InstaForex Company -