Dollar index is rebounding

The greenback managed today to improve its position versus the basket of currencies – the dollar index recovered from 10-month minimum at 76.144 late on Friday gaining 0.1%.

TechnicElizabeth Belugina, an analyst of the FBS brokerage company says that it’s necessary to mention, that dollar’s upside move correlated with Friday’s increase in longer-term US Treasury yields that occurred after comments from Federal Reserve Chairman Ben Bernanke that assured the market of further monetary easing conducted by the Fed.


Elizabeth Belugina, an analyst of the FBS brokerage company says that it’s necessary to mention, that dollar’s upside move correlated with Friday’s increase in longer-term US Treasury yields that occurred after comments from Federal Reserve Chairman Ben Bernanke that assured the market of further monetary easing conducted by the Fed.

EUR/USD lowered from 8-month maximum at 1.4157 returning to 1.3900 area. AUD/USD decreased from 28-year maximum at 1.0002 to 0.9865 zone.


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