Analysis of the past day

On Wednesday, February 21, the US currency was held back against its main competitors, which was caused by the continued optimism of the American and weak data on the UK and the euro area.

Stock exchanges throughout the day showed multidirectional dynamics. Thus, trading in the European session was below zero, but with the positive opening of quotations on Wall Street, the stock market resumed growth, almost completely recovering losses at the beginning of the day (Nikkei 225 +0.21, DAX -0.20, FTSE 100 + 0.50, Dow 30 + 0.50). In turn, demand for more risky assets  returned the optimism to the market.

The US dollar index, despite weak data on sales in the secondary real estate market in the US, continued to trade near the high of the week, remaining limited to resistance level of 89.90. This slowdown indicates the preservation of a common downward trend for the American.

Graph of the US dollar index. The current price is 89.70.

Hanzenko Anton