Analysis of the past day

On Wednesday, July 18, the US currency updated a maximum of a month against a basket of major competitors in the first half of the day, helped by the continued optimistic sentiment on the market and the positive dynamics of stock exchanges. But closer to the middle of the day, the dollar’s growth slowed by overbought. And the release of weak data on construction in the US caused the formation of a correction.

Stock exchanges throughout the day were traded in different directions, correcting after growth at the beginning of the week (Nikkei 225 +0.43, DAX +0.70, FTSE 100 + 0.50, Dow 30 +0.10). At the same time, the mixed growth of US stock indices may indicate a general correction of stock exchanges.

The US dollar at the end of the day has updated the maximum of the month at 95.40 against the basket of competitors, but remains under pressure of correction, which, in turn, can open the way to support levels: 95.00 and 94.80.

The US dollar index chart. The current price is 95.10 (10-year government bonds yield is a blue line)

Hanzenko Anton