Analysis of the past day

Mixed dynamics on the main currency pairs remained in the market on Tuesday. Against the backdrop of the resumption of risks, a noticeable increase against the US currency was shown only by the euro and the pound, which was caused by the continued optimism in Europe. In other cases, the dollar was traded restrained, limited to correction before the US Federal Reserve meeting minutes, that will be released tomorrow.

Stock markets are closed with restrained growth, while remaining under pressure of uncertainty risks (Nikkei 225 +0.15, DAX + 0.10 FTSE 100 + 0.60, Dow 30 +0.10).

The dollar index at the end of the day returned to psychology at 94.00, updating the high at 94.40, confirming the Monday trading range  and indicating the US currency’s limitedness amid expectations of the US Federal Reserve meeting results and interest rates decision.

The US dollar index chart. The current price is 94.10 (10-year government bonds yield is a blue line)

Hanzenko Anton