Analysis of the American Trading Session
The US Friday session closed with a decrease in the US dollar against a basket of competitors. The reason for the decline of the American dollar was weak industrial production data and a general downward trend in the dollar. As a result, the American dollar closed the next week by lowering and updating the low at 96.50-40.
Further weakening of the US dollar will be due to the same factors and the expectation of the US Federal Reserve meetings, which will take place this week. Separately, it is worth highlighting the growth of commodity currencies on the market optimism. As a result, the downward trend of the US dollar is expected to continue.
The US dollar index chart. The current price is 96.40 (10-year government bonds yield is the blue line)
Read also: “Geopolitical risks as the fundamental factors of the market”
Andre Green
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