Analysis of the past day

On Friday, August 31, the US currency renewed the maximum of recent days against a basket of major competitors, which was due to the aggravation of negotiations on the NAFTA agreement between the US and Canada. As a result, the tension around the US trade war intensified even more. As a result, US state bonds were under pressure, and the dollar index approached psychology at 95.00.

Most of the stock exchanges were trading at the end of the day due to the trading pressure and the collapse of China’s stock indices (Nikkei 225 -0.06, DAX-0.90 FTSE 100-0.90, Dow 30 +0.10). At the same time, trading on Wall Street closes the week with a small plus.

At the end of the day and week, the US dollar index closes below the psychological level of 95.00, while slowing down the downward trend of the month, indicating the possibility of a reversal.

The US dollar index chart. The current price is 94.90 (the yield of 10-year government bonds is a blue line)

Hanzenko Anton