Analysis of the past day

On Friday at the end of the week trading in most major currency pairs closed with the strengthening of the American dollar, which was caused by the return of negative sentiment to the market and a partial increase in activity in the American session after a day off on Thursday and a short working day on Friday. Additional support for the American dollar had a weak business activity data (PMI) in the eurozone. The published US PMI data also turned out to be quite weak, thus limiting the growth of the US dollar.

Stock indices throughout the day showed a steady decline, despite the optimistic opening of the day (Nikkei 225 —; DAX +0.00; FTSE 100-0.50; Dow 30 -0.60).

The US dollar index closes the day near the highs of the week, indicating a slowdown in general downtrend and the formation of an upward dynamics. At the same time, the dollar index against the basket of main competitors is limited by overbought and resistance levels: 97.00 and 97.20.

The US dollar index chart. The current price is 96.80 (10-year government bonds yield is the blue line)

Hanzenko Anton