Analysis of the American Trading Session

Following the US Tuesday session, the US dollar was under pressure across the market spectrum. The reason for the dollar’s sale, according to the results of which the American dollar lost all previously earned positions, was the decline in the US state bonds yield. So, the profitability of the US state bonds unexpectedly dropped from highs of 3.25% to 3.18, which caused a rapid correction of the dollar.

The return of the dollar index to the support of 95.70 indicates a significant slowdown in the general uptrend for the American dollar and the formation of a correctional trend, which, in turn, will be limited to support levels: 95.50-40 and 95.30-20.

The US dollar index chart. The current price is 95.60 (10-year government bonds yield is the blue line)

Read also: “The real estate market in the United States and its role in the economy of the country”

Andre Green

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

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