Analysis of the past day

On Thursday, August 9, the dollar shows restrained growth against the basket of major competitors, receiving support from tightening foreign policy, which eventually caused the American dollar to rise against the Russian ruble and the Turkish lira. At the same time, the tension also preserved around the US and China trade confrontation, but the Chinese yuan is still holding back from the decline.

Stock markets against the background of growth in negative sentiment continued to maintain a downward trend (Nikkei 225 -0.12, DAX +0.30, FTSE 100 -0.30, Dow 30 +0.10). This despite the fact that the trades in Asia opened positively on the optimistic statistics on China.

The dollar index at the end of the day is closed in positive territory, receiving support from the declining currencies of emerging markets. But also the US dollar index is limited to the trading range of Thursday, confirming the limited and safe downward dynamics.

The US dollar index chart. The current price is 95.30 (10-year government bonds yield is a blue line)

Hanzenko Anton