Analysis of the past day

On Monday, December 4, despite an almost empty economic calendar, trading on major currency pairs was influenced by data on the promotion of tax reform and political risks in the US as well as the results of negotiations on Brexit. As a result, trades on major currency pairs went in different directions or at the level of the opening of the day.

Regarding the US dollar index, the trades turned out to be very restrained, which is caused by the persistence of fears over the US and the possibility of resuming the political crisis. But, the promotion of tax reform in the United States and the growth of the US state bonds allowed to significantly slow the downward dynamics of the US currency against the main basket of major competitors.

Thus, the dollar index is trading in a sideways trend, while retaining some uncertainty due to the slowdown of the downtrend and the formation of a flat due to the market uncertainty.

The graph of the US dollar index. The current price is 93.150.

Hanzenko Anton