Analysis of the past day

On Thursday, March 8, the US dollar index appreciably strengthened against the main basket of world currencies, which was caused by a general decline in the euro on the comments of the head of the ECB and the positive trading on Wall Street, which contributed to the recovery of the US currency. The very low-key rhetoric of Draghi and his words about fears of a trade war with the United States have significantly weakened the euro, thereby increasing optimism about the American.

Stock exchanges were mostly above zero during the day, but the American was supported by a positive start of quotations on Wall Street (Nikkei 225 +0.54, DAX +0.70, FTSE 100 + 0.60, Dow 30 +0.20) . Positive trading on American sites marked the recovery of the American after a decline, despite the continued risk of the United States.

The weakness of the euro, the growth of optimism about the American and the correction of positions in the US dollar ahead of tomorrow’s report on employment in the US contribute to the correction of the US currency. At the same time, the US dollar index is limited by resistance levels: 90.00 and 90.20.

Hanzenko Anton