Analysis of the American session

The American trading session on Wednesday closed with the growth of the US dollar against a basket of competitors. An aggravated risks of a trade war continued to remain the reason for the growth of the American dollar, in such terms the US dollar acts as a safe haven asset. The British pound was under pressure also at the end of the day. After it became known that British Prime Minister B. Johnson contributed to the holidays of parliament, increasing the likelihood of a tough Brexit.

The US dollar index closed with growth against a basket of competitors on correction after Friday’s decline and risks, but is limited to overbought and resistance levels of 98.40-50.

Fig. The US dollar index chart. Current price – 98.20 (10-year US government bonds yield – blue line)

Read also: “The Impact of the Trade War on the US Stock Market”

Andre Green

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

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