An analysis of the previous day

On Monday, October 23, the US dollar showed a restrained positive dynamics against its main competitors, which was caused by the continued optimism about the dollar. It was caused by the adoption of the budget in the US for 2018, which indicates the likelihood of adopting Trump’s tax reform. As a result, the US currency is trading near the monthly highs against the main basket of world currencies, maintaining an upward trend.

The euro is trading near three-week lows on the preservation of geopolitical risks in Spain. The reason for the growing fear in the euro area was caused by the statement of the Prime Minister of Spain. He intends to displace the speakers who are for the separation of Catalonia. As a result, geopolitical risks in the euro area may flare up with renewed vigor. The minimum of the day is 1.1730, the maximum is 1.1770.

The British pound remained trading at the level of the opening of the day, expecting new data on the negotiations on Brexit. The British pound retains a nearly two-week sideways trend due to uncertainty about the relationship between the UK and the EU. The minimum of the day is 1.3150, the maximum is 1.3220.

Anton Hanzenko