Analysis of the past day

On Tuesday, the US dollar continued to strengthen against a basket of major competitors. The main growth of the American dollar fell on commodity assets, which were under pressure due to the reduction in the cost of raw materials. Also, the dollar at the start of the day was supported by the decline of the Australian dollar on the soft rhetoric of the RBA.

Stock markets at the end of trading in Europe closed with growth, maintaining an upward dynamics, despite attempts to slow down the strengthening (Nikkei 225 -0.02; DAX +0.70; FTSE 100 +1.50; Dow 30 -0.30).

The US dollar index for the day updated the high against the basket of competitors, despite the weak data for the United States. The index is limited by resistance levels: 97.50 and 97.70. Support is located at levels: 97.20 and 97.00.

The US dollar index chart. The current price is 97.40 (10-year government bonds yield is the blue line)

Hanzenko Anton