An analysis of the previous day

On Thursday, October 19, the US dollar sank noticeably against the main basket of world currencies, which was caused by the correction of the American and the growth of negative sentiment caused by the decline in world stock indices. As a result, the dollar index approached the opening level of the week.

Euro throughout the day demonstrated a noticeable increase against most competitors, except for safe harbor assets. The comments of the Prime Minister of Spain, who spoke about the intentions to restrict the rights of the Catalan autonomy, was the reason for strengthening the single currency. This in the end indicated the possibility of an escalation of geopolitical tension in the eurozone. The minimum of the day is 1.1770, the maximum is 1.1860.

British pound at the end of the day showed a multidirectional lateral trend, which was caused by flat data on retail sales in the UK and correction on the weakness of the US currency. As a result, the pound remained trading near the weekly lows, expanding the trading range and retaining some weakness. The minimum of the day is 1.3130, the maximum is 1.3230.

Anton Hanzenko