Analysis of the past day

On Thursday, trading maintained a restrained dynamics throughout the day aimed at recovery of the American dollar against a decline. At the same time, the driver of the US dollar recovery was the growth of risks, which broke the downward trend in the dollar to growth.

Stock indices close the day noticeably below zero on exacerbation of pessimism in the US – China trade talks. (Nikkei 225 +0.37; DAX -0.10; FTSE 100 -1.00; Dow 30 -0.70)

The US dollar index steadily strengthened against a basket of competitors, forming a rebound from the level of 97.30-20. Further strengthening of the American dollar depends on the growth of negative sentiment largely. But it will also be limited by the expectation of the US employment report, which will set the dynamics of the American dollar in the afternoon.

Fig. US dollar index chart. Current price – 97.40 (10-year US government bonds yield – blue line)

Hanzenko Anton