Analysis of the American Trading Session

Trades in the US session closed with the growth of the US dollar against a basket of competitors on Wednesday. As a result, the dollar index has updated a maximum of 97.20. General dynamics for the dollar remained limited, despite the positive statistics for the United States. The limiting factor on the American dollar was the growth of optimism in the stock markets and risk reduction in Europe, in particular, the Brexit talks.

Technically, the US dollar index continues to trade with a strengthening in an uptrend, but it has felt significant resistance at the level of 97.20. Preservation of positive sentiment in the market contributes to the correction of the dollar against continued growth. Significant support for the American dollar is at 97.60-50 marks.

The US dollar index chart. Current price – 96.70 (10-year government bond yield – 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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