Analysis of the past day

On Tuesday, trading on the foreign exchange market was very restrained and multidirectional, despite significant statistical data and speeches by representatives of world central banks. So, at the end of the day, the RBA cut its key interest rate to 1.25%. At the same time, the Australian dollar even strengthened a little on the optimistic comments of the head of the RBA.

The US dollar index at the trading on Tuesday also showed restrained upward dynamics, limiting itself to trading risks and the expectation of lowering the US rates. The American dollar was supported by a technical correction, positive US data and euro weakness on inflation data.

Stock indices opened the day with negative dynamics, and closer to the close of the day, they moved to the green zone to resume optimism and correction after a decline. (Nikkei 225-0.01; DAX + 1.50; FTSE 100 +0.40; Dow 30 +1.70)

The US dollar index traded in different directions throughout the day, having updated a low at the level of 97.00, but closes the day with restrained growth with the resistance test of 97.30, actually adjusting after the decline. The overall dynamics of the American dollar remains downward.

Fig. The US dollar index chart. The current price is 97.30 (10-year government bonds yield is the blue line)

Hanzenko Anton