Analysis of the past day

On Monday, September 3, trades on most currency pairs remained low due to low activity, which was strengthened by a day off in the US. As a result, the US dollar index against the basket of major currencies traded in the sideways range, restrained after adjusting for Friday’s growth, remaining above the psychology of 95.00, indicating a continuation of the upward dynamics.

The exception on Monday’s restrained trades was the British pound, which weakened throughout the market spectrum. The reason for the sale of the pound was the negative expectations for a hard Brexit, the driver for the sale of the British pound were weak data on business activity in the UK.

Stock indices, according to the results of a short day, are closed by restrained growth, despite the negative dynamics at the beginning of the day (Nikkei 225 -0.59, DAX -0.20 FTSE 100 +1.00, Dow 30 —), thereby pointing to decrease in pessimism in the market.

The US dollar index remains in flat, but above the level of 95.00, which indicates the potential for growth, despite the reduction in risks of trade confrontation in the United States.

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

Hanzenko Anton