Analysis of the past day

On Monday at the end of the day the US dollar was trading lower on the correction against Friday. An additional driver to the decline of the dollar against the euro was the optimistic data on the business climate in Germany.

Stock exchanges throughout the day showed a marked decrease in risk exacerbations. A slight increase in optimism was traced only by the end of the day in the American trading session (Nikkei 225 -3.01; DAX -0.20; FTSE 100 -0.30; Dow 30 +0.10).

The US dollar index as the result of trading on Monday fell on the correction, updating a low at the level of 96.40, thereby slowing growth, but maintaining an upward trend and the potential for strengthening. Significant support are at levels: 96.50 and 96.30, resistance: 96.70 and 97.00.

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

Hanzenko Anton