Analysis of the American session

The US trading session on Thursday closed with another decline in the US dollar index against a basket of competitors. The reason for the next decline in the US dollar was the strengthening of the euro and the British pound on the message that the EU and Great Britain reached an agreement on Brexit. As a result, the risks of a tough Brexit were significantly reduced and optimism about the European economy grew.

The US dollar index closed the third consecutive day with a decline, dropping to a lows of two months. As a result, it accelerated the downward trend and was in significant oversold. A further decline in the dollar is limited by support levels: 97.50 and 97.30-20.

Fig. US dollar index chart. Current price – 97.60 (10-year US government bonds yield – blue line)

Read also: “Political risks are escalating around candidates
for the Prime Minister’s  in the UK“

Andre Green

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