Analysis of the past day

On Friday, the US dollar weakened against a basket of major competitors. The reason for the decline of the American dollar was an ambiguous data on the US GDP, or rather the GDP deflator, which heightened the market’s concerns about slowing inflation in the United States. On the growth of pessimism on the American dollar, the correction against the US dollar intensified, which was brewing for a whole week.

Stock indices were traded in different directions throughout the day. This was due to increasing risks and the lack of a unified mood (Nikkei 225-0.22; DAX +0.20; FTSE 100-0.30; Dow 30-0.10).

The US dollar index on a general correction closes Friday’s trading with a decline, limited to support levels: 97.80 and 97.60, while maintaining the overall uptrend of recent weeks.

Fig. The US dollar index chart. The current price is 97.90 (10-year government bonds  yield is the blue line)

Hanzenko Anton