Analysis of the past day

On Monday, March 5, the US dollar index showed restrained and multidirectional dynamics, despite optimistic data on business activity in the US services sector. At the same time, the US currency strengthened against safe haven assets and fell against some commodity currencies, which was caused by a decrease in risks and a positive dynamics of stock exchanges.

Stock indices throughout the day showed mixed dynamics on the background of ambiguous market sentiment (Nikkei 225 -0.66, DAX +1.30, FTSE 100 + 0.50, Dow 30 +0.20). The fear of escalating US trade relations continues to be a cause for escaping from risks.

In this case, the US dollar index itself continues to be limited by the levels of Friday, thereby forming a lateral channel from 89.90-80 to 90.20.

Graph of the US dollar index. The current price is 90.00.

Hanzenko Anton