Analysis of the American session
Trading on Tuesday closed with a sharp decline in the US dollar against a basket of competitors. The reason for this was optimism about the Brexit agreement, which, in turn, supported the euro and the British pound. It is also worth to note the continued trade uncertainty between the US and China, which is raising tension on the market.
The US dollar index closed Tuesday’s trading near the support level of 98.20, indicating the resumption of the side channel by the US dollar index and maintaining the downward trend in recent weeks in the US. The US dollar is expected to maintain lateral dynamics in the trading range from 98.50-70 to 98.20-00.
Fig. US dollar index chart. Current price – 98.30 (10-year US government bonds yield – blue line)
Read also: “A new round of trade war:
duties, restrictions, prospects“
Andre Green
Earn with the help of the trade service on the news Erste News!
Topical articles of the trader’s blog:
- The results of the US-China trade talks
- Cloudy prospects for the oil market
- Risks of global economic slowdown are escalating
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