Analysis of the past day

On Thursday, July 12, the US dollar continued to rise against the main basket of competitors. The growing possibility that the US Federal Reserve will rise interest rates twice this year continued to be the reason for the strengthening of the American dollar. At the same time, the support of the dollar was provided by the restrained ECB protocol, which increased pressure on the euro.

Stock exchanges throughout the day traded with the strengthening, recovering slightly from the risks around the trade confrontation of the USA (Nikkei 225 +1.17, DAX + 0.50, FTSE 100 + 0.80, Dow 30 +0.70), which had a positive effect on the risky assets and commodity currencies.

The dollar index at the end of the day has updated a maximum of a week, but is limited by overbought, which can cause correction. Support levels: 94.60 and 94.40, resistance: 95.00 and 95.20.

The US dollar index chart. The current price is 94.70 (10-year government bonds yield is a blue line)

Hanzenko Anton