Analysis of the American Trading Session

The American session of Thursday was closed by multidirectional dynamics, as a result of which the daily maximum was renewed against the background of a general decline in world stock indices. The day failed to be closed near the highs of the US currency. Also, the US dollar was supported by a decline in  US government bonds yields. General  dynamics of the American dollar remained low-key.

As the result of the US Thursday session, the US dollar managed to strengthen against the commodity currencies and weakened moderately against the safe harbor assets, which indicates growing risks in the market and uncertainty about the US currency. The downward dynamics of the US dollar index slowed, but continues to be limited to support levels: 94.50 and 94.30, resistance: 94.80 and 95.00.

The US dollar index chart. The current price is 94.70 (10-year government bonds yield is a blue line)

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Andre Green

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

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3. Trade balance influence on the country’s economy

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