Analysis of the American Trading Session

The US Friday session and the last October trading session turned out to be very positive for the US dollar due to the positive US employment data. The technical correction before the weekend and the closing of the month after the rapid sale of the US dollar also affected the strengthening of the American dollar. As a result, the US dollar index closes the week at the opening level, which actually slowed down general uptrend for the dollar traced since October.

An additional factor in the correction of US dollar positions was the mid-term elections in the United States, which will be held on November 6, which, in turn, may cause a wave of political risks in the United States due to a change in sentiment in the White House and as a result against the US dollar.

The US dollar index at the start of the day and week is limited to the trading range from 96.30 to 96.60-80, which is likely to continue by the end of the day.

The US dollar index chart. The current price is 96.60 (10-year government bonds yield is the blue line)

Read also: “Stock indices of America: Canada, Mexico and Brazil”

Andre Green

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