Analysis of the past day

On Wednesday, June 6, the US currency accelerated decline across the entire spectrum of the market on a statement by ECB representative Prat about the possibility of curtailing the incentive program in the EU. The issue will be considered at the forthcoming meeting of the ECB, which strengthened the already considerable skepticism about the American.

Stock exchanges throughout the day traded with restrained negativity, after mixed trades in the Asian-Pacific session (Nikkei 225 +0.36 DAX -0.30, FTSE 100 -0.15, Dow 30 +0.40). Oil throughout the day traded in different directions, waiting for data on reserves and oil production in the US.

The US dollar index at the end of the day has updated the June low at 93.40, thereby resuming a downtrend that has been traced since the beginning of the month. It is also worth noting that the further decline of the American is limited by oversold.

Graph of the US dollar index. The current price is 93.50 (the yield of 10-year government bonds is a blue line)

Hanzenko Anton