Analysis of the American Trading Session

Trading on the US session Tuesday closed with dollar index declcine against the basket of major currencies. The reason for this movement was the data that Canada is ready to revise access to the Canadian dairy market in exchange for the revised NAFTA treaty between the US and Canada. As a result, the Canadian dollar gained appreciable support at the end of the day, and the US currency weakened on risk reduction.

At the same time, despite the positive closing of trading on Wall Street, the market continues to adhere to the position of safe assets to preserve concerns about the escalation of the US and China trade conflict. Also, do not forget about the expectation of the US Federal Reserve rates  increase in September.

The US dollar index chart. The current price is 95.20 (10-year government bonds is a blue line yield)

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Andre Green

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

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