Analysis of the past week

The past week of February was a complete disappointment for dollar investors, even despite encouraging statistics on inflation in the US. The decline of the American in the whole spectrum of the market was caused by the resumption of negative sentiment amid the implementation of the Trump policy and the growth of the US budget deficit.

During the week, the dollar index renewed the minimum of the last three years, thereby confirming the safety of the downward trend. In turn, the oversold US currency and psychology at 88.00 limits the further decline of the dollar, which may serve as a temporary support for correction.

The graph of the US dollar index. The current price is 88.80.

Hanzenko Anton