Analysis of the American Trading Session

Trades in the US session on Tuesday closed with a restrained decline in the US currency against a basket of competitors, which was caused by the expectation of mid-term elections in the US and market restraint. As a result, investors preferred to reduce the position on the US currency on possible risks, which in fact became a factor in the decline of the US dollar.

The US dollar index remains limited support zone 96.20-00, breaking through which will open the way for sellers to 95.60-50 and 95.30. The main driver of the decline in the US dollar remains the leadership of the Democrats in the US elections, which calls out concerns about the further implementation of Trump’s bills.

The US dollar index chart. The current price is 95.90 (10-year government bonds yield is the blue line)

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Andre Green

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