Analysis of the past week

The outgoing week has become one of the most negative for the recent time for the US currency. As a result, the US dollar index fell by almost a whole figure, opening the week near the level of 95.00 and closing with a minimum update at around 93.80. The reason for such a significant US dollar sale was the change in sentiment in the market. As a result, investors overestimated the risks of the US and China trade confrontation and returned buying risky assets.

This confirmed the safety of the downward trend for the US currency and opened the way for new declines. In turn, the technical correction and the expectation of higher rates in the US returned the dollar higher than the psychology of 94.00, thus unloading the American dollar from overselling.

The US dollar index H4 chart. The current price is 94.10 (10-year government bonds yield is a blue line)

Hanzenko Anton