Analysis of the past day

On Monday, July 9, 2018, the US dollar showed mixed dynamics against the basket of major competitors. The reason for this movement was the preservation of risks for the American dollar in consequence of an ambiguous employment report in the US on Friday. The reason for the correction of the dollar index was the news about the resignation of the Foreign Minister of Great Britain, which, in turn, exacerbated political risks in the UK and became a driver for the correction of the US dollar.

Stock exchanges, despite the persistence of trade confrontation between the US and China, continue to trade with the strengthening (Nikkei 225 + 2.90, DAX +0.40, FTSE 100 + 0.90, Dow 30 +1.00).

Against the backdrop of correction, the US dollar index managed to break away from the support level of 93.80 and return to psychology at 94.00. As a result, a resistance test of 94.20 is possible, but a downtrend on the American dollar persists.

The US dollar index chart. The current price is 94.00 (10-year government bonds yield is a blue line)

Hanzenko Anton