Analysis of the past day

On Monday, August 27, the US dollar resumed its decline against the basket of major competitors, despite attempts to correct it earlier in the day, which was a resumption of growth in optimism in the market and a skepticism about the dollar against political risks in the US.

Stock markets at the start of the week remained optimistic, despite the trade opposition between the US and China (Nikkei 225 +0.88, DAX +1.10 FTSE 100 +0.20, Dow 30 + 0.80). The continued demand for risky assets is the main driver for the decline in the US dollar.

At the end of the day, the dollar overcame the key mark of 95.00, which opens the way for sellers to support levels of 94.80 and 94.60. At the same time, US bonds remain positive, which can cause a rapid correction of the American dollar.

The US dollar index chart. The current price is 94.80 (10-year government bonds yield is a blue line)

Hanzenko Anton