Analysis of the past day

On Tuesday, the US currency continued to decline against a basket of major competitors, which was caused by continued concerns about the US economy and the expectation of preservation of soft rhetoric from the US Federal Reserve. A significant decline in American dollar was traced against commodity currencies mainly against the Canadian dollar and gold.

Stock exchanges are closing in a noticeable plus, despite rising pessimism at the start of the day (Nikkei 225-0.08; DAX +1.20; FTSE 100 +0.50; Dow 30 +0.60).

The US dollar index closes Tuesday’s bid by updating the low at 96.30, confirming the downward trend and maintaining the potential for decline. Attempts of correction are limited to the resistance zone 96.50-60. Support is located on the marks: 96.20 and 96.00.

The US dollar index chart. The current price is 96.40 (10-year government bonds yield is the blue line)

Hanzenko Anton