Analysis of the American session

Trades at the American session on Monday closed with a moderate decline of the American dollar against a basket of competitors. The reason for this was the preservation of fears in the market and technical correction against Friday’s growth. In the absence of significant news and fears of exacerbation of trade opposition, trading at the beginning of the week was very restrained, showing a movement to strengthen secure currencies.

The overall dynamics of the market and the American dollar as a whole remained limited to the existing dynamics, despite the restraint and attempts at correction. The dynamics of the American currency will remain ascending, despite the attempts of correction, which confirms the consolidation of the US dollar index above the level of 98.00.

Fig. The US dollar index chart. The current price is 98.10 ( 10-year government bonds yield is the blue line)

Read also: “Reserve Bank of New Zealand
and prospects for its monetary policy “

Andre Green

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

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