Analysis of the past day

On Monday, June 25, the US currency continued to decline against the basket of major competitors, which was associated with the growth of negative sentiment. At the same time, the main decline of the American dollar was traced against the euro and the yen, on increasing risks and aggravation of trade relations between the US and the EU, after Trump announced his intention to introduce 20% duty on cars from the eurozone.

Stock exchanges also reacted negatively to this statement by a collapse during the day (Nikkei 225 -0.70, DAX -1.90, FTSE 100 -2.00, Dow 30 -1.10).

The US dollar index remains near the significant support of 94.40-30 and is limited by oversold and lower bound of the trading range, which may expose the technical correction from the level of 94.30 on very positive real estate data in the US

US dollar index Graph. The current price is 94.40 (the yield of 10-year government bonds is a blue line)

Hanzenko Anton