Analysis of the past day

On Wednesday, March 7, the dynamics of the US currency remains restrained due to the growing protectionism in the US. As a result, the US dollar index has updated minimum of the March on the flight of investors from risks.

The stock markets also show mixed dynamics due to the persistence of fears of the unfolding of the trade war by the US (Nikkei 225 -0.77, DAX +1.05, FTSE 100 +0.35, Dow 30 -0.40). Such a dynamics of the stock markets indicates the persistence of fears in the market, which may result in another wave of escape from risks.

The US dollar index, like most currency pairs, remains near the opening level of the day, retaining the potential for a decrease on risks, while limiting itself to oversold and the absence of obvious negative factors that contributed to the decline of the American. At the same time, the US statistics provide support to the American, which can cause a correction.

Graph of the US dollar index. The current price is 89.60.

Hanzenko Anton