Analysis of the past week

The last week of March and the quarter became very effective for the US currency and stock indices. So, last week there was a noticeable increase in optimism, which was caused by a decrease in fears of the US trade war and geopolitical risks. As a result, the main stock indices updated the highs of the last weeks and months. This growth also had a positive impact on commodity assets, which supported commodity currencies. But at the same time, the main optimism fell on the strengthening of the US dollar, which, in turn, limited other currencies.

So, on reduction of risks, the US dollar index managed to retreat from the lows of March and come close to the psychology of 90.00. At the same time, the further strengthening of the American remains limited to political risk and a general negative sentiment, which has recently weakened. At the moment, the dollar index maintains an upward trend, which is limited by resistance at the levels: 90.00-10 and 90.30-50. At the same time, the overall dynamics of the index is limited by the lateral trend.

Graph of the US dollar index. The current price is 89.90.

Hanzenko Anton