Analysis of the past day

On Thursday, April 5, the US dollar index continued to rise against the basket of major competitors. The strengthening of the American was caused by the growth of optimism in the market. So, China’s mirror actions on US duties have led the trade confrontation to a dead end.

Against the backdrop of lower risks and escalation of the trade confrontation, stock exchanges throughout the day were trading appreciably above zero (Nikkei 225 +1.53, DAX + 2.60, FTSE 100 +1.90, Dow 30 + 0.80).

In addition to the growth of optimism in the market, support for the US dollar was provided by weak data on the euro area and the UK. Also, the reason for strengthening of the US dollar is the expectations of Friday’s data on employment in the US, which is very optimistic. This is also indicated by the safety of the uptrend on the US dollar index.

Graph of the US dollar index. The current price is 90.50.

Hanzenko Anton