Analysis of the past week

Last week was a resumption of the upward trend of the US dollar against the basket of major currencies. As a result, the dollar index has renewed a maximum of a year at around 93.80. The main driver of the strengthening of the American was the increase in the yield of 10-year Treasury bonds to new annual maxima of 3.12%.

At the same time, the past week has become very calm in terms of news, especially in geopolitics. So, the week passed without loud statements from the administration of Trump, which positively affected the American.

At the end of the week, the US dollar index closes the next week’s growth, opening the way to significant psychology 94.00. In this case, correction of positions before the weekend can cause the American to decline at the correction to the support levels: 93.60 and 93.40.

Fig. US dollar index. The current price is 93.60 (the yield of 10-year government bonds is a blue line)

Hanzenko Anton