Analysis of the American Trading Session

The US session closed with a significant increase in the dollar against a basket of major competitorson Tuesday. The main strengthening of the American dollar was seen in pairs with European currencies and safe havon assets. The exceptions, as always, were the commodity currencies of the Asian region, that was caused by the persistence of optimism in the stock markets. The main driver of the growth of the dollar on positive sentiment was the rapid growth of the US state bonds profitability.

At the same time, the US dollar index closed trading near the annual maximum, limited to psychology 97.00. Further growth of the US dollar may be limited by the correction, but general uptrend  persists for the dollar.

The US dollar index chart. The current price is 97.00 (10-year government bonds yield  is the 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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