Analysis of the American session

Trading on the American session on Thursday closed with a collapse of the US dollar across the market. The reason for this was the comments of the US Federal Reserve representative Williams, which were aimed at the need to reduce interest rates in the United States. After the dollar won back part of the losses on the Fed’s refutation that this is solely Williams’ opinion. But the market received another signal to reduce the US Federal Reserve rates at the next meeting.

The US dollar index on Williams’ comments updated the weekly low 97.70. In fact, confirming market sentiment aimed at the US rates cuts, remaining in the correction phase after a decline, having found support at 96.80-70.

Fig. The US dollar index chart. The current price is 96.90 (10-year US government bonds  yield is the blue line)

Read also: “The nearest prospects for the USD”

Andre Green

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