Analysis of the past day

On Thursday, the US dollar index came under pressure against a basket of major competitors, while the main decline of the American  dollar was against European currencies and the yen. The reason for the US dollar decline was the technical correction before the Friday  employment report  in the US and increased risks.

Stock markets traded during the day with a decline, keeping pessimism on the market (Nikkei 225-0.61; DAX-0.10 FTSE 100 -1.10; Dow 30 -0.80).

The dollar index within the correction approached the support level of 95.70-50, which meet the lower boundary of the upward channel. General upward trend is maintained for the dollar but it may be limited by the expectation of upcoming news.

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

Hanzenko Anton