Analysis of the past day

On Wednesday, trading in the foreign exchange market remained restrained due to uncertainty on stock exchanges. But this did not prevent the US dollar index from restraining itself against the basket of competitors, and weakening the safe haven currencies.

From the start of the day, stock indices were traded in different directions, which was caused by the negative start of China’s stock indices, while maintaining general optimism in the market and trade negotiations. (Nikkei 225 +0.34; DAX +0.20; FTSE 100 +0.60; Dow 30 +0.30)

The US dollar index continued to grow against a basket of major competitors, remaining in the correction phase. After a two-day growth, he slowed down the downtrend, limiting himself to overbought and resistance levels: 97.60 and 97.80.

Fig. US dollar index chart. Current price – 97.60 (yield on 10-year US government bonds – blue line)

Hanzenko Anton