Analysis of the past day

On Wednesday, trading for most of the major pairs were multidirectional. Negative sentiment and risks remained the main driver of trading on Wednesday, which put the pressure on commodity currencies. An additional pressure on the Canadian dollar had the meeting results of the Bank of Canada.

The stock markets, despite a very optimistic start in the Asian session, by the end of the day went into the red zone on the growth of pessimism and a decrease in the cost of raw materials (Nikkei 225 -0.60; DAX-0.30; FTSE 100 +0.00; Dow 30 – 0.30).

The US dollar index at the end of the day closes with a slight decrease at the opening level. The reason for the weakening of the American dollar was its technical correction after growth and the growth of negative sentiment. As a result, the American dollar did not manage to break through the psychological resistance of 97.00, as a result limiting itself to the lateral dynamics and support of 96.70.

The US dollar index chart. The current price is 96.70 (10-year government bonds yield is the blue line)

Hanzenko Anton