Analysis of the past day

On Thursday, trading in the US currency closed with a moderate correction, which was limited by weak the US statistics. An additional limiting factor for the American dollar was the expectation of the G20 summit, which will be held on weekends and the expectation of the FOMC protocol, which is expected to imply hints at further US monetary policy. Also at the end of the day, the British pound was under pressure, which is associated with political risks and Brexit.

Stock indices throughout the day showed multidirectional dynamics (Nikkei 225 +0.34; DAX +0.20; FTSE 100 +0.80; Dow 30 -0.20). Indices of China and the United States showed a marked decline, which is probably due to expectations from the upcoming G20 meeting.

The US dollar index, despite the moderate correction, remains near the lower limit of the general upward channel, actually indicating a potential for growth, but limited to the risks of a slowdown in the US rates and resistance at 97.00.

The US dollar index chart. The current price is 96.90 (10-year government bonds yield  is the blue line)

Hanzenko Anton