Analysis of the past day

On Thursday, August 30, the US currency showed a moderately upward trend throughout the day. The reason for the strengthening of the dollar was the optimistic data on the US and the growing pessimistic sentiment on the market. The latter, in turn, was caused by the negative dynamics of world stock exchanges. Also, do not forget about the end of the month and the correction of short positions on the dollar, the reduction of which contributed to the growth of the dollar.

Stock indices from the beginning of the day remained under pressure of risks that worsened on the background of the decline in the stock indices of China (Nikkei 225 +0.11, DAX -0.30 FTSE 100-0.50, Dow 30 -0.25).

At the end of the day, the dollar index is closing in positive territory, but lower than the previous day’s high, which indicates the formation of a lateral movement within the downward dynamics for the US dollar. Resistance levels: 94.80 and 95.00, support: 94.50 and 94.30.

The US dollar index chart. The current price is 94.80 (10-year government bonds yield is a blue line)

Hanzenko Anton