Analysis of the past day - Ester Holdings

Analysis of the past day

On Thursday, according to the European trading session, the US dollar weakened across the market. The reason for the American dollar’s accelerated decline was weak data on business activity in the US non-manufacturing sector, which confirmed fears of a slowdown in the US economy and increased the likelihood of the US Federal Reserve rates cuts.

Stock indices also accelerated the decline following the aggravation of the risks of a slowdown in the global economy, as well as commodity assets. (Nikkei 225 -2.01; DAX 2.80; FTSE 100 -1.10; Dow 30 -0.50)

The US dollar index closes the third day with a decrease, updating the low at 98.70 and maintaining a downward trend, but limiting it to overselling and support levels: 98.50 and 98.20.

Fig. US dollar index chart. Current price – 99.10 (10-year US government bonds yield – blue line)

Hanzenko Anton

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