Analysis of the American session

The US trading session on Tuesday closed with the growth of the US dollar against a basket of competitors. The reason for this was the technical correction after the decline, the growth of optimism in the US and Chinese trade negotiations and the decrease in the on the US government bonds yield. This allowed the American dollar to restrain itself against major competitors, thereby renewing the demand for safe assets.

The US dollar index approached a significant resistance of 97.50 during the day, indicating a restrained correction and the preservation of a downtrend. Further strengthening of the dollar is limited by resistance levels: 97.60 and 97.80.

Fig. US dollar index chart. Current price – 97.50 (10-year US government bonds yield – blue line)

Read also: “A new front opens in the trade war”

Andre Green

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Earn with the help of the trade service on the news Erste News!

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