Analysis of the past day

On Friday, March 2, the US dollar continued its decline across the entire spectrum of the market, remaining under pressure of correction after growth and the possibility of an aggravation of the US trade war. At the same time, the main drop of the American fell on safe haven assets, when commodity currencies were mostly traded in flat. This may indicate the market’s willingness to respond to the increase in the duty of steel imports in the US.

Stock markets for the second consecutive day end the day with a decrease in the flight of investors from risks (Nikkei 225 -2,50, DAX -2,30, FTSE 100 -1,30, Dow 30 -1,20). And European stock exchanges have renewed February’s minimum, which in the end may indicate a resumption of stock market decline, which was traced in early February.

At all risks, further decline of the American, as well as growth of assets of the safe haven, is unlikely.

Graph of the US dollar index. The current price is 90.00.

Hanzenko Anton