An analysis of the previous day

On Monday, October 16, the US dollar was restrainedly strengthened against its main competitors in unremarkable bidding. The reason for maintaining optimism about the American is Friday’s sentiment and positive dynamics of world stock indices. Positive data on manufacturing activity in the United States also contributed to the strengthening of the American. But, despite restrained bidding, the limiting factor for the growth of the dollar continued to be geopolitical tensions on the Korean peninsula.

The euro started the week with a slight decline against its main competitors, remaining under pressure from the situation in Catalonia and a decline in the euro area’s trade balance. The overall dynamics of the euro continues to be limited to last week’s lows. The minimum of the day is 1.1780, the maximum is 1.1820.

The British pound also during the day showed very low activity, bidding mostly in the sideways trend. Pound investors continue to monitor the negotiations on Brexit and the possibility of raising rates by the Bank of England. The minimum of the day is 1.3250, the maximum is 1.3310.

Anton Ganzenko