Analysis of the American Trading Session
The American session of Tuesday closed with the growth of the American dollar in the whole market spectrum, which was caused by the data that the US and China are returning to the negotiating table. As a result, the reduction of risks around the trade confrontation positively affected the US dollar, triggering its growth against the basket of competitors, especially against safe harbor assets.
On the other hand, statements about the new US trade proposal and expectations of the results of the US Federal Reserve meeting limit the US currency, which confirms the dollar index coming out of the triangle that has been traced recently. So, the main significant level of resistance/support is the mark of 94.60-50, from which it is worth considering the further movement of the American dollar.
The US dollar index chart. The current price is 94.60 (10-year government bonds yield is a blue line)
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Andre Green
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