Analysis of the past day

Friday trades were multidirectional on the main currency pairs. Thus, the index of the US dollar at the end of the day closed with a little plus, which is associated with positive employment data in the United States. But the American dollar weakened against commodity currencies amid growing optimism around the US and China trade negotiations, which will be held January 7-8.

At the end of the day, the stock exchanges closed positively against the background of a reduction in risks around the US – China trade confrontation. (Nikkei 225-2.47; DAX +3.10; FTSE 100 +2.20; Dow 30 +2.70), thereby providing support to commodity assets and reducing the demand for safe haven assets.

The dollar index closes trading at the opening of the day despite the update of the high on positive employment data in the United States. It is connected with the restrained rhetoric of the US Federal Reserve Chairman, which remains under pressure from the Trump administration. At the same time, the US dollar index maintains an upward trend, which is limited to support levels: 96.20 and 96.00.

The US dollar index chart. The current price is 96.20 (10-year government bonds yield is the blue line)

Hanzenko Anton