Analysis of the past day

On Friday, trading in major currencies closed down the US dollar to the weekly lows. The main dollar decline on Friday fell against the Australian and New Zealand dollars on data on stimulating the Chinese economy. Also, the dollar weakened against the euro and safe-haven currencies, pointing to the weakness of the American economy.

Stock indices close the day with growth, despite a drawdown in the European session (Nikkei 225 + 0.76; DAX + 0.50; FTSE 100 + 0.60; Dow 30 + 0.40).

The US dollar index closes Friday’s trading near the weekly low at 96.50-40, indicating that the downtrend is safe, despite attempts at growth. Further decline of the American dollar will be limited to support levels: 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