Analysis of the American session

Monday’s US session closed with a weakening US dollar index against a basket of major competitors. The reason for this was the growth of fears that the US-China trade war would negatively affect the US economy. Thus, the growing risk of a slowdown in the US economy is more related to existing processes in the economy. And the aggravation of trade tension may affect new areas of the economy and strengthen existing problems of the global economy as a whole. Due to this, negative sentiment remains on the market, and US Treasury bonds are trading near the lows of October 2016.

The dollar index is restrained, while maintaining flat movement in the established trading channel.

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

Read also: “Stock Indices: European Union”

Andre Green

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

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