Analysis of the American session

The US trading session on Tuesday closed with a restrained growth of the US dollar against a basket of competitors. The reason for this was the preservation of optimism, and correction after the decline. As a result, the US dollar index almost completely recovered against a decline on Monday.

At the same time, the US dollar index slowed down the upward trend, which can be traced from the beginning of the month, forming a significant resistance at 98.40-50. A retreat from the resistance level may indicate the formation of a flat on uncertainties or a downward movement on the growth of trade risks.

Fig. US dollar index chart. Current price – 98.30 (10-year US government bonds yield – blue line)

Read also: “Currency is a weapon in a trade war.“

Andre Green

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