Analysis of the past day

On Monday, November 27, the trades turned out to be rather multidirectional, which was caused by some uncertainty and lack of one-pointedness of the main drivers. So, at the beginning of the day, the US currency accelerated decline across the entire spectrum of the market, which was caused by the persistence of fears on inflation in the US. Also, do not forget about the very low activity in the market, which increases uncertainty and calls for a different direction of trading.

Against the background of a significant oversold of the US currency and very positive data on real estate in the US, the US dollar moved into a correction phase, which also allowed the US currency index to return to the level of the opening of the day.

Despite the fact that the dollar found support, it’s too early to speak about a full-scale correction. Although today’s dynamics of the US dollar may indicate a slowdown in the downward trend for the American.

Hanzenko Anton