Analysis of the past day

As a result of trading on Tuesday, the US currency closes the day with growth against a basket of major competitors. The driver to strengthen the American dollar was  reduced risks and increase optimism in the stock markets. This was facilitated by evidence that the United States and China returned to the negotiating table regarding trade agreements. Against the background of growing optimism, the main strengthening of the dollar could be traced against safe-haven currencies.

Stock indices traded above zero for the day, receiving support from risk reduction and correction after a decline. (Nikkei 225-0.14; DAX + 0.80; FTSE 100 + 0.30; Dow 30 + 0.60)

The main growth of the American dollar at Tuesday trades was traced in the first half of the day on the optimistic expectations of the market for trade negotiations. At the same time, the upward trend of the US dollar remains, limited to support levels: 98.00 and 97.90, resistance: 98.20 and 98.30.

Fig. The US dollar index chart. The current price is 98.10 (10-year government bonds yield is the blue line)

Hanzenko Anton