Analysis of the past day

On Thursday, March 29, despite the richness of the day with news, the US currency, like most of the market, held in flat. At the same time, the dollar index remained in the range of the Asian session.

Stock markets, on the contrary, demonstrated volatility and optimism throughout the day (Nikkei 225 + 0.61, DAX +1.70, FTSE 100 + 0.90, Dow 30 +1.20), which partially exacerbates the sluggishness of currencies against the backdrop of strengthening of the risk assets.

Against the background of the growth of US stock exchanges, the strengthening of the US currency is possible, but it will be limited by the coming long weekend. Therefore, resistance levels for the dollar index are likely to remain. On the decline in liquidity due to the celebration of Good Friday, an unjustified increase in volatility is possible.

Graph of the US dollar index. The current price is 90.10.

Hanzenko Anton