Analysis of the past day

At the end of Thursday, the US dollar continued to grow against a basket of competitors, maintaining optimism after the US Federal Reserve meeting and receiving support from positive data on the United States. The main strengthening of the dollar was traced against commodity currencies, which accelerated the decline amid the reduction in the cost of raw materials.

Stock markets also remained under the pressure throughout the day following the growth of negative sentiment on lowering the cost of raw materials and the overall strengthening of the American dollar (Nikkei 225 —; DAX +0.20; FTSE 100-0.40; Dow 30-0.10).

At the end of the day, the US dollar index updated a high of 97.80, thereby testing the upper limit of the downward channel for strength. In the face of growth of the US government bonds yield, the American dollar retains the potential for strengthening, but is limited to overbought and resistance levels: 97.90 and 98.00. The level of 97.60-50 continues to be a significant support.

Fig. The US dollar index chart. The current price is 97.80 (10-year government bonds yield is the blue line)

Hanzenko Anton