Analysis of the past day - Ester Holdings

Analysis of the past day

On Tuesday, May 29, the US dollar continued to rise against the basket of competitors on the overall weakening of the euro, which was caused by the persistence of political risks in the euro area. At the end of the day, the American eased the pressure and retreated from the annual highs amid weak data on consumer confidence and the negative opening of trading on Wall Street.

Stock markets throughout the day remained under the pressure of negative sentiment, thereby supporting safe haven assets (Nikkei 225 -0.55, DAX -1.15, FTSE 100 -1.10, Dow 30 -0.70). Oil, in spite of the general flight from risks, remained at the level of the opening of the day after a rapid decline on concerns about increasing oil production in Saudi Arabia and Russia.

As a result, the US dollar index was able to update the maximum at the psychological mark at 95.00, but there was not enough to overcome it. As a result, the index returned to around 94.70-60, thereby forming the current range in which the American remains until tomorrow’s news.

Graph of the US dollar index. The current price is 94.80 (the yield of 10-year government bonds is a blue line)

Hanzenko Anton

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