Analysis of the past day

On Wednesday, February 7, the US dollar kept a retained positive momentum against the main basket of world currencies, helped by the positive dynamics of the US state bonds and some fears of the market, despite recovery of world stock indices.

World stock markets demonstrated restrained recovery after almost two-day sell-off (Nikkei 225 +0.16, DAX +1.60, FTSE 100 +1.80, Dow 30 +0.70). At the same time, concerns about stock indices remain, which is expressed by the market’s reluctance to part with the assets of the safe haven.

The US dollar continued to rise against its main competitors throughout the day, gaining support on the flight of investors from risks and a general correction for the dollar. In turn, the recovery of the American is limited to a general downward trend in the US dollar index.

Graph of the US dollar index. The current price is 89.90.

Hanzenko Anton