Analysis of the past day

On Wednesday at the end of the trading day, the US dollar continued to decline against a basket of major competitors. The reason for the sale of the American dollar was skepticism over the US economy and the growth of optimism on stock exchanges, which was strengthened by rising commodity prices.

Stock indices for the day showed a marked increase on risk reduction and correction after a long decline. (Nikkei 225 +0.18; DAX +0.90; FTSE 100 +0.40; Dow 30 +0.70)

The US dollar index maintained a downward trend, updating the low at 98.50. At the same time, the US government bonds yield even increased slightly, limiting the decline in the American dollar, given the current correction of the dollar after growing from August 26 to September 3. The US dollar index approached significant support levels of 98.50 and 98.20.

Fig. The US dollar index chart. Current price – 98.50 (10-year US government bonds yield – blue line)

Hanzenko Anton