Analysis of the past day

The opening of the new trading week was very restrained for most major currency pairs, but negative for the US currency. The US dollar continued Friday’s downward trend on optimism around trade negotiations and low activity over the long weekend in the US. The main decline of the American dollar fell against European currencies and gold.

At the start of the week, stock exchanges traded in different directions throughout the day, which was caused by low activity and the persistence of uncertainty about a trade war (Nikkei 225 +1.82; DAX +0.10; FTSE 100 +0.00; Dow 30 —).

The US dollar index continued to decline on Monday, having updated a low at the level of 96.70, actually keeping the downward correction movement on Friday. Further decline of the American dollar is limited by support levels: 96.70 and 96.50, resistance is located at levels: 97.00 and 97.20.

The US dollar index chart. The current price is 96.80 (10-year government bonds yield is the blue line)

Hanzenko Anton