Analysis of the American Trading Session

Trading on the US Friday session closed with a decrease in the US dollar across the market. The reason for the increased sale of the dollar at the end of the day was weak data on the number of new jobs. The weakening of the US dollar has been traced since the beginning of the day, which was due to a correction against growth on Thursday and a correction of positions ahead of significant US data and holidays.

Despite the significant decline of the American dollar on Friday and the preservation of pessimism at the start of trading on Monday, the overall March dynamics of the US dollar remains upward, maintaining the potential for growth from support levels: 97.20 and 97.00.

Fig. The US dollar index chart. The current price is 97.30 (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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