Analysis of the past day

On Friday, July 6, the US dollar continued to decline against the entire spectrum of the market. At the beginning of the day, the pressure on the American dolllar was on the side of risks associated with new tariffs on Chinese goods and a general increase in optimism on the market. In the second half of the day, pressure on the American dollar was due to an ambiguous employment report in the US.

Stock platforms throughout the day showed mixed dynamics, starting a positive day, positively closing it (Nikkei 225 +1.18, DAX -0.20, FTSE 100 -0.20, Dow 30 +0.01). It should be noted that the ambiguity of the stock indices is also associated with the risks surrounding the trade confrontation.

At the end of the day, the US dollar index closes the day with the next update of the low (94.00), which confirms the downward trend. But in the future, the decline of the American dollar may be limited to oversold.

The US dollar index chart. The current price is 94.00 (10-year government bonds yield is a blue line)

Hanzenko Anton