Analysis of the past day

On Wednesday, in conditions of reduced trading activity at the start of the day, the US dollar continued to decline against a basket of major competitors. The pressure on the American dollar was exerted by waiting for the results of the US Federal Reserve meeting. The main decline of the American dollar continued to be traced against European currencies on the growth of optimism for Brexit, despite the weak data for the UK.

Most of the stock exchanges were closed that day, which caused a decline in trading activity.

The US dollar index during the day updated the last weeks low at the level of 97.35. But the American dollar’s decline slowed down on preliminary positive data on the US employment. Also, the market continues to expect the results of the US Federal Reserve meeting, which will come closer to the close of the day, thereby limiting the already low-volatile trading.

Fig. The US dollar index chart. The current price is 97.40 (10-year government bonds yield is the blue line)

Hanzenko Anton