Analysis of the American Trading Session
The American session of Tuesday closed with the growth of the US dollar for the third consecutive day on the optimistic data for the USA. The data actually confirmed the optimism of the market against the dollar, which remains at risk of continuing slowdown in the global economy and uncertainty around US trade policy.
The US dollar index on Tuesday updated a high of 97.00. So, it pointed to the preservation of the upward dynamics, but was limited to a significant psychological level. Under the conditions of preservation of the existing dynamics, psychological resistance of 97.00 is expected to be broken through.
The US dollar index chart. The current price is 96.90 (10-year government bonds yield is the blue line)
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Andre Green
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