Analysis of the American Trading Session

The American session of Thursday turned out to be very restrained and carried a corrective character, after the US dollar renewed the minimum of the month against the basket of competitors. Pressure on the American dollar was due to weak expectations for employment in the US, which intensified by weak statistics on the US.

But the US session turned out to be very restrained and closed at the support level of 94.40. It is also worth noting that the American dollar continues to maintain a downtrend, limited to the forthcoming employment report in the US and the risks associated with a new round of trade confrontation between the US and China.

The US dollar index chart. The current price is 94.40 (10-year government bonds yield is a blue line)

Read also: “The US mitigates the positions on foreign investment”

Andre Green