Analysis of the American session

Trading on the American session on Tuesday closed with a significant increase in the US dollar against a basket of competitors. This was facilitated by optimistic data on consumer confidence in the United States and the resumption of tensions in the US – China trade relations. As a result, the US dollar index came close to the psychological mark of 98.00.

Further strengthening of the US dollar against the basket of competitors will be limited by the downward trend in the US government bonds yield, which are traded near two-year lows. Since the beginning of the week, an upward dynamics has been maintained for the American dollar, indicating growth potential from support levels: 97.80 and 97.60, which will be limited by resistance at the levels: 98.00 and 98.10.

Fig. The US dollar index chart. The current price is 97.90 (10-year US government bonds yield is the blue line)

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Andre Green

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

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