Analysis of the American Trading Session

Trading on the US session on Monday closed with restrained movement of the US currency against a basket of competitors. The reason for American dollar’s restraint was the absence of significant news and the continued risks around the partial shutdown of the US government. For example, US President D. Trump continues to leave the government closed because of the budget, which does not have money to build a wall between the USA and Mexico.

The US dollar, despite the general risks, is limited to a side channel in which it traded all day from 95.50 to 95.7. General upward dynamic of the American dollar remains, despite the possible risks in the United States.

The US dollar index. The current price is 95.60 (10-year government bonds yield is the blue line)

Read also: “Cross-rates characteristics”

Andre Green

Earn with the help of the trade service on the news Erste News!

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