Analysis of the American session

Thursday’s trading closed with the rapid growth of the American dollar on the decline of European currencies, in particular, the euro.  A press conference by M. Draghi, who retained soft rhetoric and gave a hint of stimulating the eurozone economy put the pressure on the euro. Following the euro, the pound also came under the pressure, which weakened due to growing uncertainty about Brexit.

As a result, the US dollar accelerated growth against a basket of competitors, but weakened against gold, due to trade uncertainty. The US dollar index as a result of trading updated a high at 97.70, which indicates the preservation of an uptrend.

Fig. US dollar index chart. Current price – 97.60 (10-year US government bonds yield – blue line)

Read also: “How real is the slowdown of a bearish trend for the euro”

Andre Green

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

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