Analysis of the past day

On Thursday, as the results of the European trading session, the US dollar strengthened noticeably against its main competitors. The reason for the growth of the American dollar was the reduction of general optimism in the market, the expectation of the soft ECB rhetoric, which was confirmed, the message of a slowdown in Italian economy and optimistic expectations regarding employment in the US.

Stock indices throughout the day were traded in different directions, thereby reflecting ambiguous market sentiment and adjusting after growth. Commodity assets were under the pressure as a result of a decrease in optimism (Nikkei 225 +0.05; DAX +0.20; FTSE 100 -0.30; Dow 30 +0.40).

The US dollar index this day returned above the level of 97.20 and indicated a slowdown in the decline. The formation of the rebound from the support zone 97.00-20 indicates the preservation of the upward dynamics of the American dollar. Resistance is located on the marks: 97.40-50.

The US dollar index chart. The current price is 97.30 (10-year government bonds yield is the blue line)

Hanzenko Anton