Analysis of the past day

On Friday, after mixed movements, the US currency continued to decline against a basket of major competitors. Despite the very positive employment data in the US, the American dollar accelerated the decline on weak data on business activity. This is due to the growing likelihood of stimulating the US economy.

Stock indices closed Friday with growth on optimism (Nikkei 225 -0.33; DAX + 0.80; FTSE 100 + 0.50; Dow 30 +0.90)

The US dollar index closes the day and the week lower, fixing below the key level of 97.30. The main driver of the American dollar’s decline is the soft rhetoric of the US Federal Reserve, opening the way for the support level: 97.00.

Fig. US dollar index chart. Current price – 97.20 (10-year US government bonds yield – blue line)

Hanzenko Anton