Analysis of the past day

On Tuesday, August 28, the US currency continued to decline against the basket of major competitors, remaining under pressure to reduce the risks surrounding the trade confrontation. As a result, the dollar index has updated the minimum of the month at the level of 94.50. At the same time, a further decline of the US dollar was limited to positive data on consumer confidence in the US.

Stock exchanges continued to trade with a strengthening on reducing the risks of a trade war (Nikkei 225 +0.06, DAX +0.10 FTSE 100 +0.70, Dow 30 +0.20). At the same time, some overbought begins to be seen on the stock exchanges.

The dollar index closes the day with another decline near support of 94.50, limited to the downtrend line and oversold. At the same time, the growth of the US  state bonds yield remains a factor of the dollar correction possibility.

The US dollar index chart. The current price is 94.60 (10-year government bonds yield is a blue line)

Hanzenko Anton