Analysis of the past day

On Thursday, the US dollar index weakened against a basket of major competitors. The reason for it was the results of the US Federal Reserve meeting, which also caused an increase in negative sentiment in the market. As a result, the US dollar index updated a low at the level of 96.20, retaining the downward trend.

Pessimism after the Fed meeting had a significant impact on global stock markets, which reinforced the already downward dynamics (Nikkei 225 -2.84; DAX -1.30; FTSE 100 -0.30; Dow 30 -0.70).

At the same time, by the end of the day, the US dollar index managed to adjust partially for a break from the level of 96.20. As a result, the US dollar index returned to significant resistance 96.70, which is the upper limit of the downward channel and indicates the possibility of a resumption of decline.

The US dollar index chart. The current price is 96.70 (10-year government bonds yield is the blue line)

Hanzenko Anton