An analysis of the previous day

On Friday, November 3, the US dollar strengthened across the entire spectrum of the market, despite a weak employment report on September. Such a movement was caused by strong data on business activity in the non-manufacturing sector of the US and absolute confidence of the market in the December increase of rates.

As a result, the US dollar index showed one of the strongest growths during the week and came closer to the local maximum. In most cases, this week turned out to be corrective, which in the end may indicate the continued growth on Monday.

Anton Hanzenko