The dollar is buying up again on the market

On the stock markets of the world again there is a trend of fading interest in risk. Europe is trading mostly in negative territory and us futures Herald the opening of wall street on a minor note. The downward trend is limited, however, the demand for safe assets has intensified again.

At the same time, Russian indices, which are developing an upward correction in the morning, continue to strengthen, having recently received support against the backdrop of the recovery of oil prices. As she moved towards level 62, Brent met buyers and returned to the positive zone. However, the overall picture in the commodity segment remains negative due to the re-emergence of fears of excessive growth in the activity of us shale companies, which risk undermining the process of restoring balance in the world market.

The pressure on the dollar returned with renewed vigor, sending the currency to 5-month highs paired with the yen, which enjoys an additional advantage against the backdrop of caution investors puzzled by the prospects of aggressive tightening of the policy of the world’s Central Banks. Risk avoidance became clearer after the publication of British inflation data, where the underlying CPI exceeded expectations, strengthening expectations for a rapid rate hike by the Bank of England. The pound after the report pierced the mark 1.39 and tries to consolidate the success, having the potential for further recovery.

The pair dollar / yen touched the lows 5-month ago around 107.40, losing the level of 108.00, and remains under strong pressure, which undermines the position of the us currency across the spectrum of the market. Given the continuing uncertainty in the stock markets of the world and the breakdown of an important psychological mark, quotes risk to update the lows in the event of a new wave of sales on exchanges.