Analysis of the past day

Monday trading in the foreign exchange market took place under the mood of the movement against Friday. As a result, the US dollar index lost all earned points on Friday and returned to the level of support at 94.50, keeping the downtrend against the basket of competitors, and indicating the possibility of further decline.

Stock exchanges throughout the day were traded in different directions (Nikkei 225 —, DAX -0.20 FTSE 100 -0.15, Dow 30 -0.10). The reason for such an ambiguous dynamics were the risks on the expectation of new duties on Chinese exports to the US and the downward dynamics of the US currency.

Following the trading on Monday, the US dollar index returned to the September lows after correction, pointing to the continued downward dynamics and opening the way to support levels: 94.30 and 94.00.

The US dollar index chart. The current price is 94.50 (10-year government bonds yield is a blue line)

Hanzenko Anton