Analysis of the past day

On Wednesday, September 5, the US dollar index weakened noticeably against the basket of major competitors, prompted by a statement that Germany and the United Kingdom abandoned a many of Brexit requirements, thereby causing a reduction in risks around the topic. In most other currency pairs, the dollar continued to maintain a moderately positive dynamics on trade risks.

Stock exchanges throughout the day traded below zero, thereby confirming the negative sentiment on the market (Nikkei 225 -0.44, DAX -1.810 FTSE 100 -1.20, Dow 30 -0.05), caused by risks of trade confrontation in the US, that strengthened after the failure of negotiations with Canada.

The US dollar index closed lower, returning to level 95.30 and groping support near the 95.00-10 mark, indicating the safety of the uptrend and the limited possible growth.

The US dollar index chart. The current price is 95.10 (10-year government bonds yield is a blue line)

Hanzenko Anton