Analysis of the American Trading Session

The US session on Wednesday closed with a restrained decline in the US dollar against a basket of major competitors. The reason for the sale of the American dollar was the weak US data and the positive dynamics of stock indices on Wall Street, which put additional pressure on the US currency on the eve of Thanksgiving Day in the United States and caused a decline in the dollar position before the weekend.

The dollar index remains downward, limited to the weekly channel. In conditions of decreased activity, we should expect confirmation of the existing dynamics with a test of support: 96.50-30.

The US dollar index chart. The current price is 96.60 (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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