Analysis of the past day

On Friday, February 2, the US dollar strengthened across the entire spectrum of the market based on the positive data on employment in the US. As a result, the dollar index has fully played back the losses of the last days, but the maximum of the week is not reached yet. In the end, this may indicate the possibility of an early correction next week.

An additional factor that indicates an early correction of the American is the world stock indices, which close the week near new lows (Nikkei 225 -0.90, DAX -1.30, FTSE 100 -0.40, Dow 30 -1.00).

Despite the fact that the American received significant support by the end of the week, the overall dynamics of the US dollar index is in a downward trend, as indicated by the sideways trend.

Graph of the US dollar index. Current price – 89.20

Hanzenko Anton