Analysis of the past day

On Monday, trading in most major currency pairs opened a new working week with a restrained flight from risk to preserve the risks of trade confrontation. At the same time, the main focus of the market was shifted towards purchases of the US dollar and less on safe assets. Closer to the opening of the US trading session, China announced the response fees. This shifted priorities from purchases to sales of the American dollar.

Stock markets throughout the day remained under pressure from risks, and on the statement of China, the decline was intensified (Nikkei 225-0.23; DAX + 0.50; FTSE 100 -0.10; Dow 30 -1.10).

The US dollar index on retaliatory duties from China updated a low at the level of 97.00, thereby resuming the downward trend of the current month. Support levels: 97.00 and 96.80. Resistance: 97.30 and 97.50.

Fig. The US dollar index chart. The current price is 97.10 (10-year government bonds yield is the blue line)

Hanzenko Anton