Analysis of the American session

Monday’s trading closed with a general decline in the US dollar against a basket of competitors. This was exacerbated by pessimism in the market due to statements by the US President D. Trump about the preservation of trade duties on China. This caused an intensification of pessimism in the market and a decrease in the likelihood of a trade deal between the United States and China. As a result, the US dollar was under the pressure of correction after growth, and the safe haven currencies received a support.

The US dollar index on a decline on Monday updated the low at 98.15, expanding and partially slowing down the upward trend of the current month. But he retained an upward trend, which largely depends on the results of trade negotiations.

Fig. US dollar index chart. Current price – 98.30 (10-year US government bonds yield – blue line)

Read also: “Risks of global economic slowdown are escalating”

Andre Green

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

Topical articles of the trader’s blog:

1. The U.S.-China trade agreement news
2. The trade war risks are coming back
3. Upward dynamics of gold, resumption of growth or correction before the decline

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