Analysis of the past day

The US dollar resumed a decline against the basket of major currencies by the end of the Wednesday. It was caused by the restrained rhetoric of the Fed representative Bullard and a restrained positive dynamics of stock indices. As a result, the euro and the Canadian dollar received support and showed significant growth.

Stock indices showed mixed dynamics limited to market restraint and preservation of risks around the US and China trade confrontation (Nikkei 225 -0.24, DAX -0.05 FTSE 100 +0.40, Dow 30 +0.05).

The dollar index closes the day near the level of 94.90, returning to the lows of the week and again questioning the possibility of keeping the uptrend for the US dollar. Significant support is the level of 94.80.

The US dollar index chart. The current price is 94.90 (10-year government bonds yield is a blue line)

Hanzenko Anton