Analysis of the past day

Monday trading closes with a decrease in the American dollar against a basket of competitors. It was caused by an increase in pessimism in the stock markets and the possibility of a slowdown of the US rates hikes. Against the background of risks, the US dollar received support against commodity currencies, which came under pressure from safer assets.

Stock exchanges throughout the day were traded in different directions. So, with the opening of trading in Asia, growth of optimism was pursued on the market, but it dried up closer to the American session, which was also caused by information about the collapse of Apple stocks (Nikkei 225 + 0.62; DAX-0.50; FTSE 100 -0.00 ; Dow 30 -0.90).

This day the US dollar index closes with a decline, updating the low at 96.10, which accelerated the decline and confirmed the oversoldness of the American dollar, but at the same time limited to a general uptrend, which in the end may serve as a reason for correction.

The US dollar index chart. The current price is 96.20 (10-year government bonds yield is the blue line)

Hanzenko Anton