Analysis of the American Trading Session
The American session on Thursday was closed by a restrained decline of the American dollar against the basket of the main competitors. The bulk of the American dollar’s correction fell on the euro and the Canadian dollar, which was caused by data on the euro area and the US and rising oil prices.
Technically, the US dollar index showed a significant slowdown in the correction of long positions in the dollar, which is due to weak data on US GDP and investors’ return to risky assets, which was traced through the strengthening of stock indices in the US session.
Technically, the US dollar index returned to a decline on the growth of the euro and stock indices. But because of the increase in the profitability of the state. US bonds weakening the US dollar may be slow.
US dollar index Graph. The current price is 94.70 (the yield of 10-year government bonds is a blue line)
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Andre Green