Analysis of the past day

At the opening of the new working week, the US currency continued to grow against its main competitors, after small attempts of correction at the start of the day. Growing negative sentiment and very optimistic statistics for the United States have become a driver for the resumption of demand for an American dollar. At the same time, the main strengthening of the dollar was traced against the commodity currencies in reducing the cost of raw materials. It is also worth noting the low activity at the end of the day due to the weekend in the US, which was the reason for the correction closer to the end of the European session.

Stock exchanges at the end of the day were traded in different directions. At the start of the day, stock indices showed growth, but in the European session they significantly decreased on the growth of pessimism (Nikkei 225 +0.26 DAX -0.60; FTSE 100 -0.10; Dow 30 —).

The US dollar index for the day updated a high at 96.45, confirming the upward trend. Further growth of the US dollar was limited by a decrease in activity due to a holiday in the US and attempts to correct it in the absence of significant drivers.

The US dollar index chart. The current price is 96.30 (10-year government bonds yield is the blue line)

Hanzenko Anton