Analysis of the past day

On Thursday, May 17, the US dollar against the basket of major competitors showed very low-key dynamics, trading within Wednesday, which was caused by a slowdown in the yield growth of 10-year treasuries on the update of the high and ambiguous US data.

Stock indices are traded above zero, starting from the European session, strengthening on the reduction of risks and the growth of raw materials, but because of the American state bonds were under pressure by the end of the day (Nikkei 225 +0.56, DAX + 0.80, FTSE 100 + 0.50, Dow 30 +0.20).

Despite the renewal of the maximum yield of 10-year Treasury securities at around 3.12%, the dollar index remained in the medium, indicating a possibility of slowing the upward dynamics and the formation of a significant resistance at the level of 93.60. In this case, to talk about the possibility of a reversal is early, while the index remains above support levels: 93.20 and 93.00.

Graph of the US dollar index. The current price is 93.50 (the yield of 10-year government bonds is a blue line)

Hanzenko Anton