Analysis of the past day

On Tuesday, May 15, the US dollar strengthened across the entire spectrum of the market, which was caused by the revision of data on retail sales in the US in the direction of increase and growth in the yield of the US state bonds. So, today the yield of 10-year-old state bonds has renewed the multi-year high at around 3.06%, supporting the US dollar index, which was limited to the level of 93.40.

Stock exchanges, with the growth of the yield of the US state bonds remained under pressure throughout the day (Nikkei 225 -0.21, DAX 0.00, FTSE 100 +0.30, Dow 30 -0.80).

As a result, the US dollar index against the basket of major competitors managed to update a maximum of two weeks. But at the level of 93.40, the American was under considerable pressure, which was caused by correction of positions and a decrease in US bonds. At the same time, the dollar index continues to trade in the range from 93.30-30 to 93.00.

Graph of the US dollar index. The current price is 93.20 (the yield of 10-year government bonds is a blue line)

Hanzenko Anton