Analysis of the American session

Monday, the US trading session closed with a moderate decline in the US dollar against a number of world currencies, which was associated with increased optimism in the market, a correction in positions after Friday’s growth and the expectation of the US Federal Reserve meeting. But, despite the general weakness of the American dollar, the US dollar continued to grow against the safe haven assets, indicating a general decrease in risks.

The US dollar on Monday updated the low at 97.70 against a basket of major competitors. Thus, it corrected cautiously against growth on Friday and retreated from the upper border of the ascending channel, while maintaining a potential for growth, remaining limited by the upcoming meeting of the US Federal Reserve.

Fig. US dollar index chart. Current price – 97.80 (10-year US government bonds yield – blue line)

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

Andre Green

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