Analysis of the past day

On Friday, throughout the day, a multidirectional dynamo was traced. So, the first half of the day passed in the mood of strengthening the US dollar, and after the publication of an employment data, the dollar began to sell off. The reason for the decline in American dollar became heightened fears of lowering inflation in the United States.

Stocks throughout the day also traded very mixed, reflecting market sentiment (Nikkei 225 —; DAX + 0.30; FTSE 100 + 0.60; Dow 30 + 0.40).

The US dollar index closes Friday’s trading with a decline, against the background of position correction at the end of the week and renewed risks, updating a low at 97.60 and actually slowing down the growth of the recent dollar, but it’s too early to talk about a reversal of the uptrend. Support levels: 97.60 and 97.40, resistances: 97.80 and 98.00.

Fig. The US dollar index chart. The current price is 97.70 (10-year government bonds yield is the blue line)

Hanzenko Anton