Analysis of the American session
The US session on Thursday closed with restrained trading in the US dollar index near monthly lows. The pressure on the American dollar continued to be exerted by the US Federal Reserve meeting results, market expectations for lower rates in July. There is still an upward trend against the US dollar on most major currencies against the background of the sale of the American dollar.
The overall decline of the American dollar has slowed down on oversold, but it is too early to talk about attempts of correction. As the US dollar index continues to update lows, trading in the sideways range from 96.70 to 96.50.
Fig. The US dollar index chart. The current price is 97.60 (10-year US government bonds yield is the blue line)
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Andre Green
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