Market Drivers – European Session 19-10-2021

Today’s trading was quiet, except for the release of the Australian Reserve meeting minute early this morning, which had a slight impact on the risk appetite in the markets.

The safe-haven dollar fell on Tuesday to its lowest level in three weeks against other major currencies amid an improvement in risk appetite, as Asian stocks tracked the rise in US technology shares, and also amid signs that China’s property market problems could be contained. The dollar index, which measures the performance of the greenback against six other major currencies, fell to a low of 93.641 for the first time since Sept. 28, dropping from its recent range. It was down in the last trading 0.26 percent to 93,690.

Major equity indexes in the US opened on the positive side with a calm market ahead of key quarterly earnings figures. As of writing, the S&P 500 was up 0.3% on the day at 4,500, the Dow Jones Industrial Average was rising 0.2% at 35,310 and the Nasdaq Composite was gaining 0.4% at 15,079.