Analysis of the past day

On Thursday, the sale of US currency against the majority of its main competitors was the main driver of the market. The main reason for the decline of the American dollar, despite the weak statistics on the United States, remained the growth of the Chinese yuan, which received support for positive data on China. In addition, information about weakness of the US and China trade confrontation put the pressure on dollar.

Stock exchanges at the end of the day traded above zero for maintaining positive sentiment (Nikkei 225-2.02; DAX +0.30; FTSE 100-0.20; Dow 30 +0.90).

The dollar index at the end of the day showed one of the most significant declines over the past few months, which was also caused by a correction after growth, in addition to fundamental factors. As a result, the dollar index closed the day near the support of 96.30, which completely broke the uptrend. More significant support is at 96.00.

The US dollar index chart. The current price is 96.40 (10-year government bonds yield is the blue line)

Hanzenko Anton