Analysis of the past day

On Friday, August 10, the US dollar strengthened across the market spectrum on the collapse of the euro. At the same time, the American dollar was supported by optimistic comments from the representative of the Federal Reserve Bank Evans on raising rates.

Stock exchanges throughout the day traded below zero on the general investors flight from risks on the worsening fears about the emerging markets (Nikkei 225 -1.25, DAX -2.00, FTSE 100 -0.90, Dow 30 -0.70), which were caused by the collapse of the Turkish lira and the situation with the EU banks.

At the end of the day and week, the dollar index closes near the annual highs, which is due to the euro decline and the strengthening of the American dollar, who acted as a currency of refuge.

The US dollar index chart. The current price is 96.20 (10-year government bonds yield is a blue line)

Hanzenko Anton