Analysis of the past day

On Wednesday, the US dollar continued to weaken across the market on fears that the US Federal Reserve System will slow down the pace of rate hikes in the United States next year. Additional pressure on the US dollar had the risk that the Fed, after criticizing Trump, will bear the December rate hike.

Stock markets and commodity assets were supported by the weakness of the US dollar. Thus, global stock indices close the day with an increase in overall risk reduction (Nikkei 225-0.59; DAX + 0.20; FTSE 100 + 0.80; Dow 30 + 0.80).

Following the results of the Asian and European sessions, the US dollar index updates a low two weeks at 96.50-60, which confirms the relevance of the downward trend and possible risks for the Fed, while remaining in limbo until the results of the Fed meeting will be published.

The US dollar index chart. The current price is 96.60 (10-year government bonds yield is the blue line)

Hanzenko Anton