Analysis of the American session

Trades at the end of Thursday’s day closed with a collapse of the US dollar against most world currencies. The reason for this was the preservation of fears of the US – China trade confrontation. Pressure on China’s technology giants has begun to put significant pressure on global stock indices. The catalyst for the collapse of the American dollar was weak data for the United States, published yesterday.

As a result, the US dollar index updated the weekly low at 97.80 and continued to decline. The collapse in the US government bond yields on the negative opening of trading on Wall Street is also regarded as a negative signal that increased the pressure on the American dollar. With the growing risks of a trade war and negative sentiment, the American dollar remains under the pressure, limited to oversold and support levels: 97.60 and 97.50.

Fig. The US dollar index chart. The current price is 97.70 (10-year government bonds yield is the blue line)

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Andre Green

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