Analysis of the past day
On Tuesday, the day the US dollar continued to decline against a basket of major competitors. The pressure on the American dollar was exerted by the growing risks around the aggravation of the US-Eurozone trade relations. And the uncertainty around Brexit continued to influence the British pound and increase volatility in the market.
Stock indices close Tuesday’s trading decline after a very optimistic opening of trading at the Asia-Pacific trading session. The reason for the increase in pessimism was the trade risks and the lack of a clear plan for Brexit, despite the early date of its implementation (Nikkei 225 +0.19; DAX -0.70; FTSE 100-0.30; Dow 30 -0.60).
The US dollar index closes Tuesday’s trading with the low at 96.90, forming a steady downward trend, which is limited by the overall oversold of the American dollar. In this case, the attempts of recovery are limited by the risks of resistance 97.00-10.
The US dollar index. The current price is 96.90 (10-year government bonds yield is the blue line)
Hanzenko Anton