12:25 - 9.02.2021

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February 9, Fineko/abc.az. Against the background of weak, contrary to forecasts, disclosure of the fundamental indicators of the U.S. labor market, the decline in the average price of the dollar against other leading currencies continues.

ABC.AZ reports that according to analysts’ forecasts, the US dollar index will pull back to about the average values for the last month and that the decline will continue until positive fundamental signals.

In their opinion, this is linked not only with the growth of the EUR/USD exchange rate up to $1.21, but also with the fact that the GBP/USD exchange rate has risen up to the highest in the last two years.

The main driving force here is the rise in oil prices on the energy exchanges. The price of a barrel of European crude Brent is currently being offered from $61, and the trend may continue to $64.