Analysis of the American Trading Session
The American session on Thursday closed with a decrease in the dollar on the renewal of risks around the US budget despite the attempts of dollar’s adjustment. It resumed the negative sentiment on stock exchanges and provoked the collapse of stock indices on Wall Street.
As a result, Thursday’s trading closed on the US dollar index near the monthly lows at 96.20, indicating that the general negative sentiment on the dollar and keeping the downtren, which persists as long as the index remains below 96.50. Significant support is located at the levels: 96.20 and 96.00-95.90.
The US dollar index chart. The current price is 96.30 (10-year government bonds yield is the blue line)
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Andre Green
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