Analysis of the past day

On Wednesday, trading in most currency pairs was very volatile, helped by published data. At the same time, the main driver of the European session was negative sentiment, which lead to the growth of the US dollar. But another statement by the US President D. Trump about the transfer of tariffs on cars from Europe shifted the vector of the market, which caused a decrease in the American dollar at the end of the day.

Stock indices were traded in different directions throughout the day, reflecting market sentiment (Nikkei 225 + 0.58; DAX + 0.70; FTSE 100 + 0.70; Dow 30 + 0.20).

The US dollar index on trading of the day updated the week’s high at the level of 97.70, confirming the upward trend on risks, but after sharply declined by a decrease in the trade confrontation between the US and Europe. After Trump transferred for six months the introduction of duties on European cars, in the end, the US dollar index returned to support levels: 97.40 and 97.30, but maintained an upward trend.

Fig. The US dollar index chart. The current price is 97.50 ( 10-year government bonds yield is the blue line)

Hanzenko Anton