Analysis of the American session

Thursday’s trading closed with restrained market movement, which was traced throughout the day. The exception was certain safe haven currencies and commodity currencies, which were influenced by escalated risks. The US dollar retained an upward trend, while maintaining restraint, despite the limited movement.

The US dollar index received support from comments by US Federal Reserve Chairman Powell despite restraint. This was the reason for the support of the American dollar at the opening of trading Thursday. At the same time, the restraint of the dynamics of the US dollar remained, limited by the side channel from 98.50 to 98.20, and the uncertainty of the trade agreement.

Fig. The US dollar index chart. Current price – 98.40 (10-year US government bonds yield – blue line)

Read also: “The results of the July Fed meeting for the market”

Andre Green

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