Analysis of the past day

Tuesday continued the resumption of optimism in the stock markets, which provided significant support to commodity currencies and as a result, accelerated the decline of the US currency. Particular growth against the background of strengthening optimism showed the British pound, that received additional support from the positive data on the Brexit negotiations.

The stock exchanges for the most part close the day in positive territory on the correction after the decline and the general increase in optimism (Nikkei 225 +1.14; DAX + 1.40; FTSE 100 +0.40; Dow 30 +1.20).

At the end of the day, the US dollar index updated minimum at the level of 94.80, thereby confirming keeping the downtrend and opening the way to the significant support level of 94.50. Resistance is located at levels: 95.00 and 95.20-30.

The US dollar index chart. The current price is 95.00 (10-year government bonds yield is the blue line)

Hanzenko Anton