Analysis of the past week

The first week of May was a continuation of the rising dynamics of the US currency across the entire spectrum of the market. As a result, the US dollar index has updated a maximum of 2018. Also, during the week there was a publication of significant news, among which is the US Federal Reserve meeting and the US employment report. At the same time, both these events turned out to be very restrained and ambiguous, but this did not stop the American from maintaining an upward momentum. The US state bonds remained under pressure for a week, which provided support to the dollar through reduction of the pressure on stock exchanges.

Despite the renewal of the annual maximum, the growth rate of the dollar has slowed noticeably. So, the past week is closed by a slight increase, which may indicate a slowdown in the existing dynamics.

Graph of the US dollar index. The current price is 92.60 (the profitability of 10-year government bonds is a blue line)

Hanzenko Anton