Analysis of the American Trading Session

The US Friday session closed with a decrease in the US dollar against most of the major competitors. The reason for the decline of the American dollar was the technical correction of positions and investors’ focus on the weak points of the US employment report, which in general turned out to be very positive. But despite this, fears of a slowdown in inflation and a decline in wage growth were a significant negative factor for the dollar.

As a result of Friday’s trading, the US dollar index updated a low at the level of 97.40, indicating that the general downtrend of the last weeks remained, but also retaining the potential to form movement against Friday. This also contributed to the fundamental factors.

Fig. The US dollar index chart. The current price is 97.60 (10-year government bonds yield is the blue line)

Read also: “An engulfing strategy. A trend reversal ”

Andre Green

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