The dollar is strengthened against the background of panic moods of traders

American dollar is growing to other monetary units of the world on the day of August 18, since Forex market investors continue to evaluate the risks of recession. This becomes known after the analysis of last bidding.

What is the current situation on the market?

at 12:31 A European currency to the American falls by 0.19%, to $ 1.0161, while the day earlier it closed at 1.018 dollars. The dollar also gets more expensive to the monetary unit of the Land of the Rising Sun – by 0.21%, to 135.29 yen from the value of past trades In 135.01 yen. The US dollar index in the basket of six countries is growing immediately by 0.21%, up to 106.79 points.

What does the dollar affect today?

The Money Unit of the United States this morning changes slightly regarding other world currencies, but in general shows the dynamics of the growth of its quotes. The dollar rate is moving on several factors. Market players are more and more afraid of the recession. These experiences were especially intensified after the Federal Council system published a protocol in terms of results held in June a meeting.

turned out that the regulator sees possible repeatedly increasing interest rate for effective fighting inflation. Half of the participants in this meeting expressed the opinion that the aggressive monetary policy is inappropriate today. On such uncertainty, panic among foreign currency traders only intensifies.

General facts of growth and braking of the dollar

dollar is considered a protective asset that ensures the reliability of investments during the crisis. That is why the current mood of investors hold him, preventing him from entering a bear’s trend. In addition, the support of the American monetary unit also has an increase in the accounting rate.

simultaneously with this, the Stop Factor for the dollar is the drop in the yield of state bonds of the United States. For example, the profitability of US Treasuries from the mark of the past closing of 2.82% fell to 2.877%.

Egor Rovnikov, financial analyst LBLV