Analysis of the past day

On Thursday, trading in most major currency pairs was very restrained, staying in the side channel. The exception was the Australian and New Zealand dollars, which came under pressure early in the day after China restricted imports of Australian coal.

Stock exchanges closed mainly lower as the result of trading on Thursday. The technical correction after growth and the weakening of positive sentiment about trade talks were the reasons for the decrease in optimism in the market (Nikkei225 +0.26; DAX +0.00; FTSE 100 -1.20; Dow 30 -0.40).

At the end of the day, the US dollar index maintained its lateral dynamics by expanding partially its trading range from 96.60 to 96.30. But it kept the downward trend, which can be traced for the American dollar from the start of the week. Resistance levels are: 96.70 and 96.90, support levels are: 96.20 and 96.00.

The US dollar index chart. The current price is 96.50 (10-year government bonds yield is the blue line)

Hanzenko Anton