Analysis of the past day

On Friday, February 9, the US dollar is traded with a slight increase against the main basket of major currencies in anticipation of the results of the House vote on the budget issue. Concerning the world currencies, the American currency is traded in different directions, which is caused by the absence of significant drivers for the American and attempts to increase the US stock indices.

The positive start of the US stock markets had a restrained support to the world currencies, especially after negative trades in the Asian and European sessions (Nikkei 225 -2.27, DAX -1.30, FTSE 100 -1.10, Dow 30 0.00). Despite the positive signals from Wall Street, the negative sentiment on the market persists, and probably will continue on Monday.

The US dollar index slowed the upward dynamics, being caught in a sideways trend, which in the future may indicate the resumption of the general downward trend for the American.

Graph of the US dollar index. The current price is 90.30.

Hanzenko Anton