Analysis of the past day

On Thursday, the US dollar had a moderate strengthening against most major currency pairs following the US Federal Reserve meeting results. The main strengthening of the American dollar fell against commodity currencies and gold. The weakness of the US currency demonstrated against the Japanese yen, which is associated with exacerbation of risks.

Stock markets were under the  pressure given the expectation of the aggravation of general risks. (Nikkei 225 +0.09; DAX +0.10; FTSE 100 -0.40; Dow 30 +0.20)

The US dollar index at the end of the day was trading restrained near the resistance level of 98.90-99.00, after strengthening at the start of the day. The restraint of the dollar index and a decrease in the US government bonds yield may indicate an early correction of the dollar against growth. So, significant support is located at 98.70 and 98.50.

Fig. The US dollar index chart. Current price – 98.80 (10-year US government bonds yield – blue line)

Hanzenko Anton