Analysis of the past day

On Monday, March 12, the US currency continued to decline against the basket of major competitors on a very calm tradings. The reason for the weakening of the American dollar remains the risks caused by the preservation of protectionism in the US, and very low activity on the market at the beginning of the week. Also, market continues to expect new data on US trade relations, which are more directed against the eurozone.

On the stock exchanges there is an ambiguous dynamics due to uncertainty of the market and possible risks. The beginning of the day, Asian platforms started day and week with growth on the remaining optimism from the positive closing of Wall Street. The growth was successfully transferred to the European session (Nikkei 225 +1.77, DAX + 0.60, FTSE 100 -0.20, Dow 30 -0.30). At the same time, American stock markets continue to receive the main negative from the possibility of a US trade war.

Against the background of decline on American stock exchanges and possible risks, the American dollar is caught in a downward trend.

US dollar index Graph. The current price is 90.00

Hanzenko Anton