Analysis of the past day

On Monday, February 26, the US dollar showed multidirectional dynamics. The new week for the American began with a decline due to the reduction of the US state bonds and the growth of optimism in the market. But after, interest in the US dollar resumed on the growth of the probability of raising rates at the March meeting of the Fed and correction of positions before the speech of the US Federal Reserve Chairman Powell tomorrow.

On the stock markets, there continues to be an increase in optimism, which is limited to two-week highs and possible risks (Nikkei 225 +1.22, DAX +0.20, FTSE 100 + 0.60, Dow 30 +0.70).

Despite the recovery in demand for the US dollar, the American index continues to be limited to resistance levels of 90.00 and 90.30. At the same time, the main part of optimism is caused by the expectation of the upcoming speech by the US Federal Reserve Chairman.

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

Hanzenko Anton