Analysis of the past day

On Wednesday, May 16, the US dollar index continued to rise against the basket of major currencies, thereby updating the current high at 93.60. The further growth of the American was caused by the continued optimism and restrained positive data on construction in the US.

Stock indices began the day with the lowering, remaining under pressure of growth in the yield of the US state bonds. But trading on Wall Street opened above zero, which was due to the general growth of optimism in the market and correction of US treasury securities (Nikkei 225 -0.39, DAX +0.20, FTSE 100 +0.20, Dow 30 +0.10 ).

Correction of US treasury securities also limited the growth of the US dollar, thereby causing a break from the level of 93.60 and a return to yesterday’s highs of 93.40. At the same time, the optimism about the dollar and the growth of state yields of US bonds remains.

Graph of the US dollar index. The current price is 93.40 (the yield of 10-year government bonds is a blue line)

Hanzenko Anton