Analysis of the past day

The US currency continued to grow thanks to  decrease of the euro on the risks in Italy and of the British pound on weak data on UK GDP on Friday. Also, the reason for maintaining optimism for the US dollar remains the expectation of one more the Fed’s  rates hike this year.

Stock markets on the day’s results close below zero due to the collapse of European indices, that was caused by risks in Italy (Nikkei 225 +1.37, DAX-1.30 FTSE 100 -0.20, Dow 30 +0.10).

The US dollar index closes the week and month near the two-week high after growth, thereby completely breaking the downtrend, but limited to overbought and resistance level 95.40-50. Support is located at the levels: 95.00 and 94.80.

The US dollar index chart. The current price is 95.20 (10-year government bonds yield  is a blue line)

Hanzenko Anton