Analysis of the past week

Last week was very mixed on the dynamics of both currencies and published news. The week turned out to be full of news, among which are inflation data in the UK and Canada. They also had a significant impact on the dynamics of these currencies. The next week also promises to be full with data on inflation and the meetings of the Central Bank of the eurozone and Japan.

During the day, the American currency was traded quite differently, remaining under pressure from political factors. So, from the beginning of the week on Monday and towards the end of trading on Friday, the sentiment for the American has changed polarly, which was facilitated by the political situation in the US and the dynamics of the  US state bonds.

Despite the significant growth of the US dollar, at the end of the week its further upward dynamic will be quite difficult due to overbought and monthly highs. Therefore, at the beginning of next week, one should expect the formation of the movement against Friday.

Graph of the US dollar index. The current price is 90.40.

Hanzenko Anton