Analysis of the past day

On Friday, June 8, the US dollar appreciably adjusted against the basket of major competitors, which was caused by a decrease in optimism in the stock exchanges. As a result, the US dollar index was able to update the maximum at around 93.80.

Stock markets, on the contrary, were weakened noticeably on the correction of positions before the weekend and the beginning of the G7 summit in Canada (Nikkei 225 -0.56 DAX-0.50, FTSE 100 -0.20, Dow 30 +0.00). Oil at the end of the day also weakened on the growth of risks and concerns about the growth of world oil production in the US and the world, despite the decline in exports from Venezuela.

Despite the fact that the US dollar index managed to slow the decline, it still remains in a downtrend and is limited by resistance levels: 93.80 and 94.00, which in the end may indicate a resumption of the downtrend and the renewal of monthly lows.

US dollar index Graph. The current price is 93.60 (the yield of 10-year government bonds is a blue line)

Hanzenko Anton