Analysis of the past day

Trading in the foreign exchange market closed with restrained growth of the US dollar against most competitors on Wednesday. At the beginning of the day, the US currency was under the pressure of correction and risk reduction in the eurozone. But the American dollar resumed its growth with the growth of US state bonds yield, the resumption of risks on the Italian budget deficit and ambiguous statistics on business activity in Europe.

At the end of the day, stock exchanges traded in different directions, but in most cases remain above zero, which is associated with a general increase in optimism (Nikkei 225-0.62; DAX-0.40 FTSE 100 +0.50; Dow 30 + 0.50).

The US dollar index at the end of the day returned to two-month highs and continues to be limited to the resistance level of 95.70, which, in turn, indicates attempts to resume the uptrend in the dollar and the formation of significant resistance at the current level.

The US dollar index chart. The current price is 95.60 (10-year government bonds yield is the blue line)

Hanzenko Anton