Analysis of the past day

On Monday, the market continued selling the US currency restrainedly on the renewed optimism around trade talks. The driver to the growth of optimism in the market was the statement by US President D. Trump to postpone the introduction of new duties on Chinese goods because of the very productive trade negotiations between the United States and China. It caused a new wave of strengthening in risky assets at the start of the week, in particular, the Australian and New Zealand dollars.

Stock indices were also no exception and started a new week with growth on the progress in trade negotiations (Nikkei 225 +0.48; DAX +0.60; FTSE 100 +0.10; Dow 30 +0.70).

The US dollar index on the basis of trading on Monday, closes slightly above zero, updating the last week low at 96.30, indicating that the downtrend persists. The growth of the US state bonds profitability slowed down the decline of the American dollar, and caused a correction. But the strengthening of the dollar index is limited by the level of 96.60-70.

The US dollar index chart. The current price is 96.50 (10-year government bonds yield is the blue line)

Hanzenko Anton